Federal Housing Director Mel Watt stokes housing fear

Joseph Lawler The Washington Examiner 12/14/2014

The government’s top housing finance regulator set up a fight with House Republicans for early next year as he raised the political stakes surrounding mortgage buyers Fannie Mae and Freddie Mac.

Federal Housing Finance Agency Director Mel Watt pleased affordable-housing advocates last week by directing the bailed-out mortgage businesses […]

Housing nominee Mel Watt helped create the subprime crisis

Charles C. Johnson The Daily Caller 5/5/2013

Mel Watt, President Obama’s nominee for director of the Federal Housing Finance Agency, pushed government programs to help welfare recipients buy homes during the creation of the subprime mortgage bubble.

Watt, a 20-year Member of Congress from North Carolina’s 12th district, also had a hand in programs allowing […]

Sen. Marco Rubio Delivers GOP Response to Obama’s State of the Union Address

Brian Freedom’s Lighthouse 2/12/2013

Here is video of Sen. Marco Rubio’s GOP Response to President Obama’s State of the Union Address tonight.

Rubio emphasized the principle that bigger Government is not the solution to what ails America. President Obama is proposing larger and larger Government. He made a strong case for the need to get […]

Great news: Cities to apply ‘Kelo’ to … mortgages

Ed Morrissey HotAir.com 7/6/2012

If one wanted to craft a strategy to make the home-mortgage market even less stable, increase already-unsustainable public debt, and erode private property rights even further than we have already seen, it would be hard to top a new idea from California, of all places. Two cities have fashioned a plan […]

Americans saw wealth plummet 40 percent from 2007 to 2010, Federal Reserve says

Ylan Q. Mui The Washington Post 6/11/2012

The recent recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with ­middle-class families bearing the brunt of the decline.

The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 […]

Peter Schiff – The Fed Unspun: The Other Side of the Story

ReasonTV YouTube 4/3/2012

“Ben Bernanke fancies himself as a student of the Great Depression,” says renowned investment broker, global strategist, author, and Austrian economist Peter Schiff, “but… if he were my student he would have gotten an F.”

During a lecture entitled “The Fed Unspun: The Other Side of the Story”, Schiff responded to […]