{"id":7498,"date":"2010-10-26T12:29:25","date_gmt":"2010-10-26T16:29:25","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=7498"},"modified":"2010-10-26T12:29:25","modified_gmt":"2010-10-26T16:29:25","slug":"deregulation-to-blame-90-of-outstanding-mortgages-controlled-by-federal-government","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/7498\/deregulation-to-blame-90-of-outstanding-mortgages-controlled-by-federal-government\/","title":{"rendered":"&#8220;Deregulation&#8221; to Blame?  90% of Outstanding Mortgages Controlled by Federal Government"},"content":{"rendered":"<p>Dwight M. Jaffee, professor of finance and real estate at the University of California, Berkeley, <a href=\"http:\/\/online.wsj.com\/article\/SB20001424052702304772804575558303668606406.html#mod=todays_us_opinion\" target=\"_blank\">points out<\/a> in <em>The Wall Street Journal<\/em> that &#8220;Today 90% of the $14 trillion in outstanding residential mortgages is controlled by the Federal Housing Administration (FHA), the Department of Veterans Affairs, or Fannie Mae and Freddie Mac &#8211; with the latter two under government conservatorship.&#8221;<\/p>\n<p>Ninety percent?\u00a0 Wait a minute&#8230;\u00a0 Doesn&#8217;t every dizzy big-government leftist from <a href=\"http:\/\/newsbusters.org\/blogs\/bill-hobbs\/2008\/10\/08\/media-gives-obama-pass-deregulation-lie\" target=\"_blank\">Barack Obama<\/a> to <a href=\"http:\/\/moneynews.com\/StreetTalk\/krugman-reagan-crisis-caused\/2009\/12\/17\/id\/343594\" target=\"_blank\">Paul Krugman<\/a> tell us that &#8220;deregulation&#8221; of the housing sector caused our economic difficulties?\u00a0 The fact is that the housing finance market is one of the <em>most<\/em> regulated, not least regulated, sectors of the entire economy.\u00a0 Thanks to Professor Jaffee, we are reminded of the sheer scale of that regulation, as well as the left&#8217;s efforts that fed the housing bubble.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dwight M. Jaffee, professor of finance and real estate at the University of California, Berkeley, points out in The Wall Street Journal that &#8220;Today 90% of the $14 trillion in outstanding residential mortgages is controlled by the Federal Housing Administration (FHA), the Department of Veterans Affairs, or Fannie Mae and Freddie Mac &#8211; with the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[120,602,59,2003,19,1174,1175,2002,24,61,71,28,18],"class_list":["post-7498","post","type-post","status-publish","format-standard","hentry","category-posts","tag-acorn","tag-big-government","tag-deficit","tag-deregulation","tag-economy","tag-fannie-mae","tag-freddie-mac","tag-housing-bubble","tag-obama","tag-spending","tag-taxes","tag-tea-party","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/7498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=7498"}],"version-history":[{"count":1,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/7498\/revisions"}],"predecessor-version":[{"id":7499,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/7498\/revisions\/7499"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=7498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=7498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=7498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}