The Federal Reserve has recently announced its intention to purchase an additional $600 billion of securities as part of a second round of quantitative easing.

In the current debate about reform of the housing finance market, proponents of a continuing government role frequently argue that without government backing, the so-called "to be announced" (TBA) market could not exist. But that's simply not true.

The proposal to deny capital gains tax treatment to owners of investment partnerships threatens to turn the tables on decades of business tax law and practice, penalize more than a million entrepreneurs, and further stall the country's economic recovery.

Jefferson County, Alabama, was led to the verge of bankruptcy by relying on risky instruments in a subprime housing economy.

This statement is available here as an Adobe PDF.

The Eurozone Crisis: A Roadmap for Urgent and Decisive ActionWhile European leaders have been meeting in Brussels to address the crisis in the eurozone,...

Europe is now battling an acute systemic debt crisis that threatens the global financial system and the global economy. This worsening crisis constitutes the largest single threat to the US economy and its financial system

The taxpayers, through the generosity of Congress, have offered Fannie and Freddie a great deal: heads you win; tails we lose.

Should there be a bailout for the masses?