House Republicans have broken the hugely successful spectrum auction authorization first effected in 1993 and also delayed for many years any possibility that digital broadcast spectrum that is almost entirely unused can be repurposed to serve the growing demands for wireless broadband.

The fat years of the housing bubble lasted from 1999 to 2006 - seven years. The bubble was deflating by the beginning of 2007 and collapsed into the panics of 2007-09. Since then we have been struggling in its deflated wake. If we get the Biblical sum of seven lean years, the housing and related debt markets will bottom in 2013 - not a bad forecast. 

After the European Union’s latest crisis summit last week, international financial markets reacted cautiously. And well they should, since this umpteenth effort to save several Eurozone countries from fiscal collapse, and the common currency itself, produced mediocre results

If we are to avoid future distortions and government-inflated bubbles in the housing market, Fannie and Freddie can and should be dismantled.

The outlook for the future structure of the credit rating agency sector improved greatly when the House passed the "The Credit Rating Agency Duopoly Relief Act."

The Securities and Exchange Commission designates certain credit rating agencies as “nationally recognized statistical ratings organizations” (NRSROs). It has been argued that this designation inhibits competition and has effectively created a government-sponsored cartel. Currently only two firms—Standard and Poor’s and Moody’s—represent about eighty percent of sector revenue. In an effort...

A private secondary market for prime mortgages should have been a natural market development. Why did it never develop?

The turmoil at Fannie Mae signals it is time for Congress to reconsider the structure of the federally chartered Government Sponsored Enterprises.