Fannie and Freddie’s Future – Reaction to Paulson Speech with Vince Reinhart, Former Fed Official on Monetary Affairs: GSEs as Private Firms with Public Purpose Don’t Work; Paulson Favors Utility-Like Companies to Replace GSEs
January 08, 2009
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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January 8th, 2009 at 3:07 pm
> Paulson Favors Utility-Like Companies to Replace GSEs
Good start – now how about utility-like BANKS, as Taleb promotes, so that banks will do what they are supposed to do, e.g. lend money, facilitate transactions, and NOT do what they aren’t supposed to, not lend money and crash the global economy every 50 years or so.