Former Housing and Urban Development Secretary Henry Cisneros was in Greensboro on Wednesday to speak about issues facing cities today. Rhino Times editor John Hammer reports Cisneros praised Gboro for…
The Big Short, ironically, opens with an apocryphal Mark Twain epigraph: “It ain’t what you know that gets you in trouble, it’s what you know for sure that just ain’t so”…
David Bahnsen writes at National Review Online that prominent conservative commentator Sean Hannity makes one major mistake in his critique of President Obama’s economic record. I more or less agree…
Daniel Wiser reports for the Washington Free Beacon on plans from Fannie Mae and Freddie Mac to step up risky low-down-payment mortgage loans. Federal Housing Finance Agency (FHFA) Director Mel…
Daniel Wiser reports for the Washington Free Beacon disturbing reports surrounding Fannie Mae and Freddie Mac. Critics warn that government agencies are making the same mistakes that led to the…
Former North Carolina congressman Mel Watt, that’s who. Check out this quote from the latest Bloomberg Businessweek. Perhaps the director of the Federal Housing Finance Agency should bone up on…
The reason why we had the ruinous housing bubble several years ago was federal meddling — artificially low interest rates coupled with governmental pressure to lower lending standards so that…
Here’s one more before I go home. Asheville City Council is expected to approve, by way of their consent agenda, acceptance of $25,000 from HUD via the North Carolina Human…
So, everybody and his brother knows there was a housing bubble. Bad decisions at the federal level forced banks to lend to people those with experience in the industry knew…
Peter Wallison of the American Enterprise Institute explains in Hillsdale College’s Imprimis why the Dodd-Frank financial reform legislation represented the wrong response to the 2008 financial crisis. … [T]he crisis…
The US went through economic convulsions when the housing bubble burst back in 2007. You might think that government policymakers would have learned something from that — but no. As…
The lesson is that federal meddling with housing lending standards is a horrible idea. You might think that the Washington bigwigs would have learned that from the housing bubble, but…