Posted inPolitical Animal, Politics

The Case Against Principal Forgiveness Is The Case For Mass Refinancing

The big housing policy fight brewing between the Obama administration and the Federal Housing Finance Agency, the regulator that oversees Fannie Mae and Freddie Mac, is over principal forgiveness: lowering the burden of outstanding mortgage debt on homeowners in order to reduce foreclosures and get homeowners out from their underwater mortgages. Nick Timiraos reports in […]

Posted inPolitical Animal, Politics

Obama and the Volt

Joe Nocera’s column yesterday took on the campaign against the Chevy Volt, GM’s innovative (and expensive) plug-in hybrid that has seemingly had more articles written about it in the conservative press than in car publications. Nocera writes that, contra Neil Cavuto et al, the Volt has much more to do with GM’s effort to leapfrog […]

Posted inPolitical Animal, Politics

Housing: An Economic Problem That Turned Into A Political One

A paper written by four economists released this past Friday,”Housing, Monetary Policy, and the Economy,” has been garnering a fair amount of attention. The entire thing is interesting and makes a strong case that “more than half the underperformance in this recovery” can be attributed to brutal decline in housing and related sectors. One part […]

Posted inPolitical Animal, Politics

Cocktail Hour

It’s the early evening here in Evanston, and if you’re sticking around tonight, here’s some of the best stuff on the web. * BuzzFeed asks if did Mitt Romney steal the idea for his $10,000 bet from Richie Rich? * Mitt Romney goes after Santorum for flip-flopping and supporting pro-life politicians. Yes, I didn’t get […]

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