Gigantic government’s complexity and opacity provide innumerable opportunities for opportunists to act unconstrained by clear law or effective supervision.

Meet the Government’s Cash Cows: Fannie Mae and Freddie Mac (YahooFinance) In last three months, Fannie Mae’s share price has gone up more than 400%. According to James Fenker, a long-time investor, “This year, Fannie and Freddie Mac are likely | Read More »

Fannie Mae Becomes Cash Cow (CNBC) Mortgage giant Fannie Mae reported a record net income of just more than $58 billion for the first quarter, causing its share price to surge over 500 percent during the last three months. But do | Read More »

The housing market is coming back, but it might be bringing some old problems with it.

Back when San Bernardino made headlines by considering the seizure of “underwater” mortgages under the expanded eminent domain powers ratified by the notorious Kelo decision at the Supreme Court, I had a feeling this bad idea would be going national. | Read More »