Month: January 2011

An Essential Role for Fannie and Freddie

For all the talk about reform of the mortgage finance system, the anticipated changes to Freddie Mac and Fannie Mae are likely to be rather modest. In the run-up to Secretary Geithner’s end-of-January deadline to offer a proposal to Congress, only two options are under serious consideration to support the goal of ensuring long-term liquidity

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Crying Wolf on Municipal Defaults, Part 2

Here we go again.  Meredith Whitney, the Wall Street analyst who appeared on CBS’ 60 Minutes in December and predicted “50-100 sizeable municipal defaults” totaling “hundreds of billions of dollars,” appeared on CNBC this morning and claimed that there would be “indiscriminate selling” of municipal bonds because “local leaders want to default on debt investors

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Investing in People and Places

For the United States to remain globally competitive, our economy – especially its workforce – needs to continue to improve, adapt and innovate. The key strength of American enterprise has always been innovation. Here, in the rough and tumble competition of the marketplace, the lone entrepreneur toiling in the garage is the patron saint of

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To Grow Small Businesses, Doing What Local Governments Do Best is Best

The recent recessionary period has garnered new attention to the role of small businesses in generating economic growth.  As a result, many local governments have renewed interest in policies to support and grow their small business community.  But how do we know what really works? During a recent meeting of the Atlanta and Dallas Federal

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