Affordable Housing Institute : US

[Continued from the preceding Part 1 and Part 2]
 
Continuing our analysis of the GSEs’ takeover by Treasury’s conservatorship, using as our principal text a lengthy if jumbled New York Times account, we’ve now reached the crunch-time weekend when Treasury had concluded something had to be done – and fast:
 

How many minutes ’til takeover?
 
While Democrats gathered in […]

[Continued from yesterday’s Part 1.]

 
Yesterday’s chronicle of the GSEs’ takeover by Treasury’s conservatorship, using as our principal text a lengthy if jumbled New York Times account, had reached the point of the landmark legislation that Treasury Secretary Henry Paulson thought – and for that matter, I thought – would clearly signal to the marketplace that […]

[Commencing with last week’s How We Got Here post, I expect to put up one weekly installment (sometimes multi-part as circumstances warrant) about the GSEs, every Monday morning for the indefinite future.  The GSEs’ situation is without precedent in American or global history, and warrants as much public scrutiny and evaluation as we can collectively […]

Hindsight always makes things clear.
 

Why didn’t I see that before?
 
With the GSEs having been placed in conservatorship – a state akin to a bank seizure to protect the depositors – a few things are clear:
 
 
Given that Treasury decided it had to do this, it’s almost certainly the right thing for the broader housing economy […]

[Continued from yesterday’s Part 2 and the previous Part 1.]
 
While the main consequences of HR 3221, the great big deal known as the Housing and Economic Recovery Act (HERA) of 2008 (this Reuters summary is as good as any), are the financial and regulatory coup that completes a fundamental revolution within the financial system, changing […]