Tag Archives: housing market

Under Obama, The Rich Have Gotten Richer

President Obama is nothing if not a class warrior, using the themes of the Occupy Wall Street movement to color his railing about the “1%” not “paying their fair share,” etc., etc. But what if it turned out the rich had actually gotten richer under President Obama’s governance? Remember too that from 2007 through 2010

Wells Fargo CEO: Get The Government Out Of The Home Mortgage Business

“If it wasn’t for Fannie and Freddie, [the mortgage crisis] would have been a small problem,” Wells Fargo CEO Richard Kovacevich told CNBC today. “Fannie and Freddie and other government agencies guaranteed 70 percent of those mortgages.” He’s right, of course, though Fannie and Freddie’s market penetration when far beyond that. At the time of

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