September 1, 2014
Our organization is guided by three principles:
Reorganize Fannie Mae and Freddie Mac as private bond guarantors funded by private capital, without any special privileges or a Federal Charter;
Protect and ensure the continued availability and affordability of the 30-year fixed rate mortgage, which is the main engine of the housing market and the primary avenue for sustainable homeownership;
The rule of law is the basis for American Capitalism and must be acknowledged and respected in order for properly functioning capital markets. This is the cornerstone for attracting private capital to any market, especially the housing finance market. The rules of the game cannot be changed in the middle of an inning.
As Americans break for Labor Day and celebrate their hard work and the freedom to provide a life for their families, let’s hope they don’t spoil the holiday by pausing to consider whether government today is making their lives easier or more difficult. To wit, the 2014 Index of Economic Freedom, published by the Wall Street Journal and the Heritage Foundation, which ranks countries based on four main factors –…
August 21, 2014
The legal question with the Treasure, Fannie and Freddie involves the rule of law and the willingness to honor contracts. Regarding the article “White Flag for Frannie Investors” (Heard on the Street, Aug. 12), the title should be “Time for the U.S. Government to Surrender.” I disagree with the thrust of the article, which is that the decline in the last quarter’s payout from Fannie Mae and Freddie Mac has…