Category Archives: Housing Policy

Gramm and Wallison: Worse Than Fannie and Freddie

Posted in: Fiscal Policy, Housing Policy, Monetary Policy, Real Estate, Uncategorized | April 17, 2014 at 10:59 am , by Managed WordPress Migration User

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A bipartisan Senate housing reform would double down on the mistakes that led to the financial crisis By Phil Gramm and Peter Wallison In this era of partisan gridlock, any legislative proposal with significant bipartisan sponsorship should be praised and supported if it simply does not produce a policy worse...

Phil Gramm and Thomas R. Saving-Janet Yellen’s Greatest Challenge

Posted in: Fiscal Policy, Housing Policy, Monetary Policy, Uncategorized | November 22, 2013 at 11:33 am , by Managed WordPress Migration User

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Every month that the Fed’s quantitative easing goes on, the exit strategy becomes more difficult and dangerous. By PHIL GRAMM and THOMAS R. SAVING With the Senate Banking Committee on Thursday approving Janet Yellen’s nomination to lead the Federal Reserve, her confirmation is virtually assured. Less certain is what Ms. Yellen ultimately intends to...

The Clinton-Era Roots of the Financial Crisis

Posted in: Financial Services, Housing Policy, Monetary Policy | August 13, 2013 at 8:52 am , by Managed WordPress Migration User

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Affordable-housing goals established in the 1990s led to a massive increase in risky, subprime mortgages. By Phil Gramm and Mike Solon* Simply put, the financial crisis of 2008 was caused by a lot of banks making a lot of loans to a lot of people who either could not or...

Phil Gramm: Deregulation and the Financial Panic

Posted in: Fiscal Policy, Housing Policy, Monetary Policy | February 20, 2009 at 2:10 pm , by Managed WordPress Migration User

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Loose money and politicized mortgages are the real villains. February 20, 2009 The debate about the cause of the current crisis in our financial markets is important because the reforms implemented by Congress will be profoundly affected by what people believe caused the crisis. If the cause was an unsustainable...