Greg Mankiw's Blog: The GSE Blame Game
"...CEA Chairman Mankiw cautions Congress to "not take [the financial market's] strength for granted." Again, the call from the Administration was to reduce this risk by "ensuring that the housing GSEs are overseen by an effective regulator." (N. Gregory Mankiw, Op-Ed, "Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04)." Keeping Fannie And Freddie's House In Order," Financial Times, 2/24/04
Thoughts on the GSE Takeover
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