Fannie Mae and Freddie Mac, two mammoth, federal-backed entities subsidizing home mortgages, could be on the way out. Lee Doren discusses this possibility and advocates shutting down Fannie Mae and Freddie Mac to prevent another recession like the 2008 economic collapse tied to delinquent mortgages.
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Waves of immigration have always been a source of political tension in Europe. Now, Europe is facing up to an unusual new migration worry: floods of migrants fleeing from the continent’s faltering economies. More from Journeyman Pictures.
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“All [economic] recoveries are associated with recoveries in housing…except for the Great Recession, this last one,” says behavioral economist and Nobel Prize winner Vernon Smith.
Smith and colleague Steve Gjerstad spoke at Reason Weekend, the annual donor event held by Reason Foundation (the nonprofit that publishes Reason.com). They argue that the recession is far from over and that the lingering effects of the collapsed housing market will be felt for years to come.
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Bank runs and economic collapse have become commonplace in Europe, never mind the rosy words of politicians that the worst of the recession was over. Pundit Wayne Allyn Root of Personal Liberty Digest says those of us in North America shouldn’t gloat. What’s happening across Europe, he says, is a bellwether for what’s likely to follow in the United States, given the bloated spending and punitive, regulatory policies of the Obama Administration.
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