Make the Treasury Department truly responsible for managing all the government's debt. Managing only Treasury securities deals with only about half, and sometimes less than half, of the effective government debt.

The only real excuse for Fannie and Freddie to exist at all is to help in times of housing finance crisis.

Before Congress creates a new entity that adds to the alphabet soup of regulatory bodies in Washington, it should take a good, long look in the mirror.

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

We should aim in the long term for a housing finance sector which is principally a robust private market, and one in which you can be either a private company, or you can be a government agency, but you can't be both.

Government-sponsored enterprises Fannie Mae and Freddie Mac should be divided into three parts: liquidating trusts, private mortgage businesses, and a government agency inside the Department of Housing and Urban Development.

Canada's experience demonstrates that government-subsidized housing finance is not necessary to promote home ownership.

The financial teetering of Dubai World resembles the crisis of U.S. financial institutions, but unlike the U.S. government, Dubai seems to be keeping its wallet closed.