By DLB on August 16, 2011
When I first added Reckless Endangerment to my list of books to read in my series on the 2008 financial crisis, I saw that Gretchen Morgensen was a New York Times columnist, and assumed this book would be yet another carbon copy of the major myth that permeates discussion of the 2008 financial ...read this post
Posted in Book Reviews | Tagged Barney Frank, Countrywide, Fannie Mae, financial crisis 2008, Freddie Mac, Jim Johnson, TARP
By DLB on March 2, 2011
Dr. Russell Roberts at George Mason University (the finest economic hub in the country) has written a delightful piece on the real causes of the financial crisis. The observation that greed and stupidity do not help to explain the crisis since greed and stupidity have always been with us (and always will be with us, ...read this post
Posted in Book Reviews, Economics | Tagged creditors were bailed out, Fannie Mae, financial crisis 2008, George Mason university, Richard Russell
By DLB on June 27, 2010
Today’s blog speaks for itself.
“I do not want Fannie and Freddie to be just another bank … I do not want the same kind of focus on safety and soundness.”
- Rep. Barney Frank, Sept. 25, 2003
“I’ll lay down my marker right now, Mr. Chairman. I think Fannie and Freddie need some changes, but I don’t ...read this post
Posted in Economics, Politics | Tagged Barney Frank, Chris Dodd, Congress, everyone in the whole world should own a house, Fannie Mae, financial crisis 2008, Freddie Mac, GSE's, Maxine Waters is dumber than a leaf
By DLB on April 9, 2010
Just so we’re all clear, I am not condoning questionable accounting in corporate America. In fact, I am super opposed to it. Okay? But I do want to make something very clear – Enron, Worldcom, Lehman Brothers, and Bernie Madoff combined have not cooked the books as badly as your government is ...read this post
Posted in Economics, Politics | Tagged accounting scandal, Bernie Madoff, Enron, Fannie Mae, Freddie Mac, GSE
By DLB on December 27, 2009
When it comes to a discussion of the various monstrosities the government is responsible for before, during, and after the economic meltdown of 2008, I can tell how serious someone is (perhaps “informed” is a better word) by whether or not they lead with the Fannie Mae/Freddie Mac plot. If they say something like, ...read this post
Posted in Economics, Politics | Tagged Barney Frank, economic crisis 2008, Fannie Mae, Freddie Mac, TARP
