Category: Legislation and policy

Call it Franny: Part 2, “Some form of market utility”

9 April, 2013 (12:18) | Capital markets, Fannie Mae, Freddie Mac, GSEs, Legislation and policy, Secondary markets, Securitization, Subprime, US News |

[Continued from yesterday's Part 1.]   By:David A. Smith   Yesterday we saw, via a month-old article in Reuters (March 4, 2013), that FHFA director Ed DeMarco had decided to take a seemingly innocuous step, one that he cloaked in mild-mannered language – and yet, when the history is written, this will be seen as […]

Call it Franny: Part 1, “Create something of value”

8 April, 2013 (12:39) | Capital markets, Fannie Mae, Freddie Mac, GSEs, Legislation and policy, Secondary markets, Securitization, Subprime, US News |

By:David A. Smith   Unify the chassis, unify the companies: If that wasn’t Alfred Sloan’s motto at General Motors, it should have been, for it guided both Sloan’s GM and Lee Iacocca’s Chrysler – and it appears to be guiding the reluctant revolutionary, Ed DeMarco, who despite being alternatively ignored or excoriated by some Washington […]

Viene la tormenta

14 January, 2013 (18:16) | Bankruptcy, Cities, Detroit, Legislation and policy, Municipal bankruptcy, Speculation, US News |

By:David A. Smith   Viene la tormenta! Mexican boy: Viene la tormenta! Sarah Connor: What did he just say? Gas Station Attendant: He said there’s a storm coming. Sarah Connor: I know. Sooner or later, cities must balance their books, and with nearly everything taxable already taxed, that must they eventually have to cut their […]

The ten housing-policy commandments – times two: Part 4, change and resilience

26 June, 2012 (11:17) | Affordability, Capital markets, Ecosystem, Essential posts, Infrastructure, Legislation and policy, MEEs, Policy, Primer, Theory, Urbanization, US News |

By:David A. Smith   [Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.]   As we’ve seen so far in this four-part post, I had no trouble reeling off a score of answers, in response to the Bipartisan Policy Center‘s intriguing blog question:   What lessons can the U.S. learn from […]

The ten housing-policy commandments – times two: Part 3, program and products

25 June, 2012 (16:22) | Affordability, Capital markets, Ecosystem, Essential posts, Infrastructure, Legislation and policy, MEEs, Primer, Theory, Urbanization, US News |

By:David A. Smith   [Continued from yesterday's Part 2 and the preceding Part 1.]   As we saw in the two preceding posts, whereas Moses needed only ten rules for all of humanity, when called upon to reply to the Bipartisan Policy Center‘s intriguing blog question, I went on for twenty:   What lessons can […]