Serving Two Masters Yet Out Of Control


Serving Two Masters Yet Out Of Control
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Serving Two Masters Yet Out Of Control


Serving Two Masters Yet Out Of Control
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Author : Peter J. Wallison
language : en
Publisher: American Enterprise Institute
Release Date : 2001

Serving Two Masters Yet Out Of Control written by Peter J. Wallison and has been published by American Enterprise Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Housing categories.


Because two disparate clients demand loyalty from Fannie Mae and Freddie Mac, these government-sponsored entities must fulfill two ultimately irreconcilable roles.



Serving Two Masters Yet Out Of Control


Serving Two Masters Yet Out Of Control
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Author :
language : en
Publisher:
Release Date : 2001

Serving Two Masters Yet Out Of Control written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Housing categories.




Fragile By Design


Fragile By Design
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Author : Charles W. Calomiris
language : en
Publisher: Princeton University Press
Release Date : 2015-08-04

Fragile By Design written by Charles W. Calomiris and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-04 with Business & Economics categories.


Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.



Guaranteed To Fail


Guaranteed To Fail
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Author : Viral V. Acharya
language : en
Publisher: Princeton University Press
Release Date : 2011-03-14

Guaranteed To Fail written by Viral V. Acharya and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-14 with Business & Economics categories.


Why America's public-private mortgage giants threaten the world economy—and what to do about it The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy--and by extension, the global financial system--has a lot riding on Fannie and Freddie. They cannot fail, yet that is precisely what these mortgage giants are guaranteed to do. How can we limit the damage to our economy, and avoid making the same mistakes in the future? Guaranteed to Fail explains how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance in the United States, weighs different reform proposals, and provides sensible, practical recommendations. Despite repeated calls for tougher action, Washington has expanded the scope of its guarantees to Fannie and Freddie, fueling more and more housing and mortgages all across the economy--and putting all of us at risk. This book unravels the dizzyingly immense, highly interconnected businesses of Fannie and Freddie. It proposes a unique model of reform that emphasizes public-private partnership, one that can serve as a blueprint for better organizing and managing government-sponsored enterprises like Fannie Mae and Freddie Mac. In doing so, Guaranteed to Fail strikes a cautionary note about excessive government intervention in markets.



Reforming Fannie Mae And Freddie Mac


Reforming Fannie Mae And Freddie Mac
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Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
language : en
Publisher:
Release Date : 2001

Reforming Fannie Mae And Freddie Mac written by United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.




Serving Two Masters


Serving Two Masters
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Author : Elisabeth W. Sommer
language : en
Publisher: University Press of Kentucky
Release Date : 2021-12-14

Serving Two Masters written by Elisabeth W. Sommer and has been published by University Press of Kentucky this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-14 with History categories.


The eighteenth century was a time of significant change in the perception of marriage and family relations, the emphasis of reason over revelation, and the spread of political consciousness. The Unity of the Brethren, known in America as Moravians, experienced the resulting tensions firsthand as they organized their protective religious settlements in Germany. A group of the Brethren who later settled in Salem, North Carolina, experienced the stresses of cultural and generational conflict when its younger members came to think of themselves as Americans. The Moravians who first immigrated to America actively maintained their connections to those who remained in Europe and gave them the authority for deciding religious, social, and governmental issues. But, as the children born in Salem became acclimated to more freedoms, particularly in the wake of the American Revolution, a series of disputes intensified the problems of transatlantic governance. While the group's leadership usually associated Enlightenment principles with rebellion and religious skepticism, the younger Brethren were drawn to its message of individual autonomy and creative expression. Elisabeth Sommer traces the impact of this generational and cultural change among Moravians on both sides of the Atlantic and examines the resulting debate over the definition of freedom and faith.



Making Government Manageable


Making Government Manageable
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Author : Thomas H. Stanton
language : en
Publisher: JHU Press
Release Date : 2004-05-21

Making Government Manageable written by Thomas H. Stanton and has been published by JHU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-05-21 with Political Science categories.


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Government Sponsored Enterprises


Government Sponsored Enterprises
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Author : Thomas H. Stanton
language : en
Publisher: American Enterprise Institute
Release Date : 2002

Government Sponsored Enterprises written by Thomas H. Stanton and has been published by American Enterprise Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.


This book traces the origins of GSEs, contrasts investor-owned and cooperative GSEs, and examines such issues as activities and the quality of oversight.



Housing The Nation A Singapore Policy Story


Housing The Nation A Singapore Policy Story
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Author : Kim Hin / David Ho
language : en
Publisher: Partridge Publishing Singapore
Release Date : 2020-12-17

Housing The Nation A Singapore Policy Story written by Kim Hin / David Ho and has been published by Partridge Publishing Singapore this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-12-17 with Reference categories.


Chapter 1 takes a close look at a unique and state-of-the-art dynamic, structural public housing macroeconomic model (DSPHM), based on an open economy for several key macroeconomic variables, actual and expected, as well as the demand for new HDB flats sold. This Chapter readily adopts the DSPHM for simulating two scenarios, namely a “no change” first scenario and a public housing “deregulation” second scenario. Chapter 2 explores the relationship between several economic factors and the demand for public housing in Singapore and Hong Kong, deploying the innovative and versatile system dynamics model, to shed better understanding on the policy implications of assisted ownership housing. The Chapter assesses the demand for new flats of the Singapore and Hong Kong economies, under certain macroeconomic policy changes, suitable for their unique situations. Chapter 3 is concerned with the underlying structural relationships that affect Singapore’s public housing policy to potentially privatize the HDB concessionary-rate mortgages for HDB homebuyers. Such a potential privatization infuses and sustains price competitiveness among the domestic private banks in Singapore, and lead to improved efficiency among them as well as the Singapore economy at large. Chapter 4 is concerned with the binomial option-pricing model, proposed by Cox, Ross and Rubinstein (1979), which is appropriate to represent the movement of the underlying HDB resale flat prices, subject to private market forces in HDB’s large scale public housing secondary resale market. The HDB Main Upgrading Program (MUP) is a heavily subsidized and highly targeted public housing policy. Since its inception in 1992, the HDB has budgeted some S$3 billion to finance the MUP policy. Chapter 5 recognizes housing affordability to be always an issue of concern to many Singaporean homebuyers because shelter forms one of the basic life necessities. The corresponding private residential market in Singapore offers quality and premium private residential accommodation for homebuyers, who prefer the private residential market. The appropriate affordability model is a multi-factor housing affordability index (HAI) model, which considers the ability to provide down payment and to service the mortgage taken up. Lastly, Chapter 6 offers the book’s conclusion.



To The Edge


To The Edge
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Author : Philip A. Wallach
language : en
Publisher: Brookings Institution Press
Release Date : 2015-04-21

To The Edge written by Philip A. Wallach and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-21 with Business & Economics categories.


Were the radical steps taken by the Treasury Department and Federal Reserve to avert the financial crisis legal? When and why did political elites and the general public question the legitimacy of the government's responses to the crisis? In To The Edge: Legality, Legitimacy, and the Responses to the 2008 Financial Crisis, Philip Wallach chronicles and examines the legal and political controversies surrounding the government's responses to the recent financial crisis. The economic devastation left behind is well-known, but some allege that even more lasting harm was inflicted on America's rule of law tradition and government legitimacy by the ambitious attempts to limit the fallout. In probing these claims, Wallach offers a searching inquiry into the meaning of the rule of law during crises. The book provides a detailed analysis of the policies undertaken—from the rescue of Bear Stearns in March 2008 through the tumultuous events of September 2008, the passage of the TARP and its broad usage, the alphabet soup of emergency Federal Reserve programs, the bankruptcies of Chrysler and GM, and the extended public ownership of AIG, Fannie Mae, and Freddie Mac. Throughout, Wallach probes the legal bases of the government's actions and explores why concerns about the legitimacy of government actions were only sporadically grounded in concerns about legality—and sometimes ran directly against them. The public's sense that government officials operated through ad hoc responses that favored powerful interests has helped bring the legitimacy of American governmental institutions to historic lows. Wallach's book recommends constructive and sensible reforms policymakers should take to ensure accountability and legitimacy before the government faces another crisis.