For any housing finance reform plan to be credible, it must do much more than wind down the GSEs. Because of the Dodd-Frank Act a number of formidable legal obstacles now exist that must be cleared away before a private securitization market will come back. If the administration is serious, its plan must address all these issues.

No serious observer of the Federal Housing Administration (FHA) believes its financial future is bright. But few recognize just how troubled this government agency really is.

There are three policy options for Fannie Mae and Freddie Mac: privatization, nationalization, or liquidation.

Privatizing Fannie Mae and Freddie Mac is the best option as a matter of policy, but Congress is likely to take the path of least resistance and restore them as government-sponsored enterprises once the housing market is stable.

As the anniversary of Sept. 11 looms we will be barraged with warnings of a resurgence of angst, butour natural resilience will serve us once again.

In the 21st century, Europe can neither become a responsible power center nor a competent partner for the United States so long as Europeans remain dependent on a non-European power for their security--or even for the appearance of their security.

To achieve his dream of a limited and constitutional government,Ronald Reagan understood that government should be smaller.

Psychiatric aid should not be the first kind of assistance on a trauma scene.