The Saga of Fannie and Freddie by Lawrence Kudlow
"Too big to fail" was the verdict in the U.S. Treasury decision to backstop mortgage lenders Fannie Mae and Freddie Mac. But is the taxpayer risk of moral hazard still as big as ever?
"Too big to fail" was the verdict in the U.S. Treasury decision to backstop mortgage lenders Fannie Mae and Freddie Mac. But is the taxpayer risk of moral hazard still as big as ever?
An expression of outrage is the highest compliment that politicians can bestow upon a satirist. So when spokesmen for Barack Obama and John McCain echo each other and many another stuffed shirt in complaining about the current cover of The New Yorker, the magazine's editors and cartoonist Barry Blitt should accept such remarks in precisely that spirit.
As financial storm signals appeared the last 18 months, there were Bush officials who urged drastic reform of Fannie Mae and Freddie Mac. But, according to internal government sources, Treasury Secretary Henry Paulson objected because it would look "too political."
After almost six weeks of a constant Obama lead, generally in the five to seven-point range, Scott Rasmussen’s daily tracking poll records two consecutive days of a tie race (July 12-13) and a one-point Obama lead on July 14. What happened to the Democrat’s lead?
Even as a growing number of Americans appear to believe the United States is finally winning the war on terror, a new Rasmussen Reports national telephone survey shows that nearly half (48%) agree with Barack Obama that Iraq is not the central front in that war.
This month, voters trust Democrats more than Republicans on seven out of ten electoral issues tracked Rasmussen Reports. The Republicans have managed to gain back some lost ground on National Security and the War in Iraq.
Before he was a radio host, or a network news anchor, or the White House Press secretary, Tony Snow was a writer. He started his career as an editorial writer and editor for newspapers such as The Virginian-Pilot, The Washington Times and The Detroit News, eventually becoming a nationally syndicated op-ed columnist, with more than 200 newspapers publishing his commentary every week.
Nearly half of Americans (48%) now believe the United States and its allies are winning the War on Terror, as opposed to 20% who give the nod to the terrorists, according to a new Rasmussen Reports national survey.
Republicans have gained some ground this week, but Democrats continue to lead by double-digits in the Generic Congressional Ballot.
Nearly eight out of 10 Americans (78%) think Iran is likely to soon develop nuclear weapons, and over half say the Iranians will not halt their program no matter who is elected president, according to a new Rasmussen Reports national telephone survey.
Barack Obama says a vote for John McCain is a vote for George W. Bush’s third term, but a new Rasmussen Reports telephone survey finds that the Democratic hopeful would have a much easier time of it if he were actually running against the incumbent president this year.
Americans overwhelmingly view the steady rise in oil and gas prices as the most serious problem facing the economy, and little more than a third of them think those prices are likely to be brought under control in the next few years.
Americans are cutting their spending and savings habits, but they are not yet resorting to additional debt to get through tough financial times. The new COUNTRY Financial survey shows most people are stopping short of tapping into credit and existing savings to make ends meet, despite the fact that nearly three in four Americans (73 percent) think their financial security will not improve this year.
To borrow a Barack Obama line, "There's not a liberal America and a conservative America, there's a United States of America." That's true -- and everyone in it tried to make a quick buck off the housing bubble.
Senate Majority Leader Harry Reid, back from the Fourth of July break, last week delivered a typical harangue on Republican obstructionism and Democratic virtue that included a promise: By week's end, he would show Republicans his proposal to deal with "this speculation thing" that he calls the root cause of $4-a-gallon gasoline.
Americans workers may feel a bit frustrated and unsettled these days with the state of the economy, but they still overwhelmingly rate the place they work as largely anger-free.
The number of Americans who believe it is possible for the U.S. to win the War in Iraq has increased over the past year.
Despite assurances to the contrary from Senate Majority Leader Harry Reid, Democratic insiders are certain Sen. Joseph Lieberman next year will be kicked out of the party's caucus and lose his Senate chairmanship if he addresses the Republican National Convention in St. Paul, Minn., as planned.
Over the past week, the Presidential race got a little closer, perceptions of Congress fell a little further, and there was plenty of talk about the economy.
Sixty years ago this month, the top story in campaign year 1948 was not the big poll lead of Republican nominee Thomas Dewey or the plight of President Harry Truman. It was the Berlin airlift.