Of all the things you could say about Fannie Mae (FNM) and Freddie Mac (FRE), too-strict lending standards probably wouldn't come to mind.Afterall, the companies have been backstopped to the tune of $400 billion, which has to mean their standards were too loose.
But powerful Congressman Barney Frank, in a desperate attempt to reflate the old bubble, says the two GSEs are being too stingy, particularly with respect to condos.
What the Moderate Republican Stands For
Republicans came to power as the party of big ideas, and without returning to that model they could be looking at a long winter. Additionally, those big ideas need to focus on Middle America. Three issues that could work are conservation, reform and localism.
Conservation- a return to the Teddy Roosevelt model of conservation. One doesn’t necessarily have to buy into global warming to appreciate the need to protect the natural resources we have.
Reform- the federal government is bigger than ever, and won’t be getting any smaller over the next four years. Republicans need to fashion themselves as national reformers. Much of Middle America wants the government as safety net, but bloated bureaucracies breed corruption that needs to be dealt with.
Localism- this is the lynchpin that brings it all together. If we bought our food locally, shopped locally, governed locally, many of the issue we now have to deal with would go away, or at the least become manageable.Below is a collection of writers who speak about the things that matter. Some are Right, some Left and some Center, but all intelligent and rational voices.
2 comments:
Have a good summer, Steve!
Thanks...you too!
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