Senate Finance Committee Chairman Max Baucus has released a detailed proposal for international corporate tax reform, which we summarized earlier this week. While there are some improvements to current law, the proposal...
- The Tax Policy Blog
- Fannie, Freddie Woes Predicted Long Ago
Fannie, Freddie Woes Predicted Long Ago
See page 3 of this old scanned-in Tax Foundation newsletter to see the prescient, plain-English piece he wrote in 1989 about the alarming debt of Fannie Mae, Freddie Mac and other so-called government-sponsored enterprises.
It'll be no surprise to Prof. Schick to be reading almost 20 years later today's articles about the debt-related woes of those unsound institutions:
BusinessWeek: "Fannie, Freddie Resume Their Free Fall"
We can only hope that Congress and the Administration ignore the bailout pleas of the special-interest crowd, exemplified as usual by the Realtors' chief economist Lawrence Yun: "Just given the size of the two companies, surely the government would not stand aside."
Buy this blogger a cup of coffee!
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.