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Yellen's FSOC: Housing Policy Dreams vs Mortgage Market Reality
Yellen's proposal for a backstop is merely a canard to help Treasury avoid another fiasco next time a Ginnie Mae issuer fails
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Jul 30, 20246 min read


FSOC Frets About Nonbank Risk; Goldman Sachs Stepping Back?
GS has the weakest position in terms of funding of the top-ten banks and no real narrative for the business post-Marcus.
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Sep 21, 20236 min read


Joe Biden Must Fire FHFA Director Calabria
If you sent somebody to deliberately sabotage the US housing market, you could not find a better perpetrator than Director Calabria.
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Dec 21, 20206 min read


Post-Election Liquidity Risk: FSOC and the CSBS
An equally informal group of researchers within the Federal Reserve System is also in the vanguard of those warning about nonbank risk...
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Nov 5, 20207 min read
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