Let's Fly Under the Bridge (Free subscription) | 07/24/2008
... government rescue of Fannie and its sibling, Freddie Mac. Trying to defend the mortgage giants, Paul Krugman of the New York Times recently wrote, "What you need to know here is that the right -- the WSJ editorial page, Heritage, etc. -- hates, hates, hates Fannie and Freddie. Why? Because they don't want quasi-public entities competing with Angelo Mozilo." That's a howler even by Mr. Krugman's...
Cato-at-liberty (Free subscription) | 07/23/2008
Paul Gigot has an outstanding piece on Fannie Mae and Freddie Mac today in the WSJ. “The abiding lesson here is what happens when you combine private profit with government power.” Exactly. Here’s what I said about the twin-headed hydra in my 2005 Downsizing the Federal Government: Federal taxpayers also face financial exposure from the mortgage giants Fannie [...]
SharonCobb (Free subscription) | 08/10/2008
Decision 2008 Politics & the Economy Exclusive! Treasury Secretary Henry Paulson will be Tom Brokaw's guest from Beijing — the site of the Olympic Games. Plus, NBC's David Gregory will lead a political roundtable in Washington, DC, with David Broder, Erin Burnett, E.J. Dionne & Paul Gigot on the U.S. economy & the race for the White House. Due to Olympics coverage, Meet the Press...
NewsObserver.com - Local & State (Free subscription) | 08/11/2008
On "Meet the Press," Wall Street Journal editorial page editor Paul Gigot congratulated the Democratic electorate on "their wisdom" in not nominating Edwards, saying the party would be in "desperate straits" right now if it had. Washington Post columnist E.J. Dionne agreed, saying that there would be talk of an open convention, with Edwards delegates rebelling, if he had won the nomination...
News & Observer (Free subscription) | 08/11/2008
On "Meet the Press," Wall Street Journal editorial page editor Paul Gigot congratulated the Democratic electorate on "their wisdom" in not nominating Edwards, saying the party would be in "desperate straits" right now if it had. Washington Post columnist E.J. Dionne agreed, saying that there would be talk of an open convention, with Edwards delegates rebelling, if he had won the nomination...
Top Stories (Free subscription) | 08/09/2008
... David Gregory leads a special political roundtable of CNBC's Erin Burnett, ’s E.J. Dionne and ’s Paul Gigot.On ABC's “This Week,” a pair of powerful governors — New Mexico Democrat Bill Richardson and Louisiana Republican Bobby Jindal — battle over the presidential race.Can Richardson deliver for Obama? And is Jindal still a vice presidential possibility for McCain? Guest host Jake...
Deseret Morning News (Free subscription) | 08/04/2008
... Congressional inaction over the past 15 years had already committed taxpayers to the bailout."Paul Gigot of the Wall Street Journal reviewed in his paper the coverage that it had been giving since 2001 to the rot inside these two entities.Gigot also points out that, despite the rationale that we allegedly need these taxpayer-backed enterprises in order for those of modest incomes...
Seeking Alpha (Free subscription) | 07/27/2008
Tom Brown submits: The first, last, and only point of Paul Gigot’s weird anti-Fannie and -Freddie screed in Wednesday’s Wall Street Journal , from what I can tell, is to a settle a bunch of personal scores related to a dispute that seems to have gotten under Gigot’s skin way too deeply. How else to explain Gigot’s snide portrayal of the late Jonathan Gray, who covered Fannie...
Seeking Alpha (Free subscription) | 07/27/2008
Tom Brown submits: The first, last, and only point of Paul Gigot’s weird anti-Fannie and -Freddie screed in Wednesday’s Wall Street Journal , from what I can tell, is to a settle a bunch of personal scores related to a dispute that seems to have gotten under Gigot’s skin way too deeply. How else to explain Gigot’s snide portrayal of the late Jonathan Gray, who covered Fannie...
The Right Coast (Free subscription) | 07/25/2008
I second Professor Rappaport's motion below. The Paul Gigot piece he links to is a must read. He's a little footnote on the Fannie and Fred corruption. When the government wastes millions of dollars, I can find it amusing. When...
The Right Coast (Free subscription) | 07/25/2008
In an unusual op ed, Paul Gigot illustrates how Fannie and Freddie avoided scrutiny. Pretty disgusting, but that is how the game is played. There is so much in the piece that is interesting, really you should read it all....
UNCoRRELATED (Free subscription) | 07/24/2008
Give him credit, he knows how to fix Fannie Mae and Freddie Mac, which are a cancer on America's national credit-worthiness: If elected, I'll continue my crusade for the right reform of the institutions: making them go away. See also Paul Gigot for the lowdown on this gargantuan slice of crony capitalism: The abiding lesson here is what happens when you combine private profit with government...
Houston's Clear Thinkers (Free subscription) | 07/24/2008
Gosh, I thought the political coalition that supports inefficient light rail systems was formidable. But that coalition can't hold a candle to the one that the W$J's Paul Gigot says (non-gated version here) protected the dubious quasi-public structure of...
taxmanblog (Free subscription) | 07/23/2008
Paul Gigot has a great piece on the history of thievery by the Fannie and Freddie gang.... So here we are this week, with the House and Senate preparing to commit taxpayer money to save Fannie and Freddie. The implicit taxpayer guarantee that Messrs. Gray and Raines and so many others said didn't exist has become explicit. Taxpayers may end up having to inject capital into the companies,...
The Real Estate Bloggers (Free subscription) | 07/23/2008
If you are wondering why the housing credit crisis happened, and the implicit role the government, media, and press played in it, please read this editorial by Paul Gigot at the Wall Street Journal. He and his staff have been on this story since 2001. That is right, 2001. While the rest of the media and [...]
