Category: Secondary markets

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 […]

Assume no crisis, and presto!

2 December, 2010 (12:45) | Capital markets, Fannie Mae, Finance, Freddie Mac, GSEs, Regulation and Reform, Secondary markets, Speculation, US News |

By: David A. Smith    Emil Henry Jr., who recently penned a Wall Street Journal op-ed entitled with the provocative nostrum “How to Shut Down Fannie and Freddie,” has real credentials – a stint as United States Assistant Secretary of the Treasury for Financial Institutions, working for Treasury Secretaries John Snow and Henry Paulson from […]