A Housing Market Free from Fannie and Freddie

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January 9, 2013     |    Discover more at Heritage's Enterprise and Free Markets webpage

A Housing Market Free from Fannie Mae and Freddie Mac Fannie Mae and Freddie Mac distort the U.S. housing and mortgage market at substantial risk to households and U.S. taxpayers. Defaults on loans through Fannie Mae and Freddie Mac have already cost the U.S. taxpayers $154 billion and could cost taxpayers an additional $363 billion. Our new report estimates the economic impact of eliminating Fannie Mae and Freddie Mac from the U.S. mortgage market. Elimination of Fannie Mae and Freddie Mac and the mortgage interest rate subsidy that these mortgage institutions generate would have minimal impact on the U.S. economy. Congress needs to recognize that this institutional model has failed and should be eliminated to protect U.S. taxpayers and the U.S. Treasury. CONTINUE READING THIS SPECIAL REPORT >>

Google and the FTC: Searching (in Vain) for a Violation Sure, you’re smart enough to use the Internet. That’s how you found this post. But are you smart enough to be trusted with the power to select your own Internet search engine? Some—mostly competitors of Google—aren’t so sure. The Federal Trade Commission (FTC) has decided (after an almost two-year-long investigation) that Google isn’t violating antitrust laws. BUT THE GOVERNMENT ISN'T DONE WITH THIS ISSUE. READ WHY >>

States Should Let Workers Choose Their Union Representation Collective bargaining laws give unions an effective monopoly on many state and local government workforces. They force the government to negotiate employment terms with the union, and all employees must accept that union’s representation. Unions use this power to pressure state and local governments into accepting expensive contracts, which now threaten many cities with bankruptcy. READ MORE >>

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