System. Fannie mae and freddie mac have been in conservatorship for close to nine years. In september 2008, then treasury secretary hank paulson famously described the conservatorships as a timeout. Today, fannie and freddie along with fha continue to dominate the Mortgage Market. Approximately 70 of the mortgages are backed by the federal government. While fannie and freddie are currently earning profits, if the Housing Market experiences a downturn, taxpayers could again be on the hook for billions of dollars. The status quo is not a viable option. The Housing Finance system depends on two Government Sponsored Enterprises and perpetual conservatorship is not a sustainable solution. Taxpayers today bear too much risk and the government plays too big a role in the Mortgage Market. A number of groups have released proposals for reform in recent months. Including the mba, the icba, the milken institute, several coauthors writing jointly for the urban institute, and many others. The commi
If your viewers want to be a College President , you probably can be. Theres thousands of them. Theyre always looking. And i urge you not to do it unless you really love young people. Because theyre the reward and their potential. Right . One of the things i teach them is that aristotle teaches that actual is superior to potential. God, for example, in aristotle and christianity and judaism is no potency but actuality buzz you were potency you could changing and get better and that would be imperfection, so its true that Abraham Lincoln in his prime is a superior human being to nearly anybody and to himself when he was young. But against that, theres the massive delight of growth and that is pleasing courses through the being of every being that undergoes it and then ive been here a long time now and some of my students are grownups now, and then some of them are are in very often places and many, many of them are very awesome people and theyre beginning to tell me what to do now all o
Fabulous book. Guest thank you. Host ive known Alan Greenspan for many, many years, and we worked together closely when i was his vice chair, and hes a complicated man, and these were complicated times, and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bitt about that on his career choices . Guest yeah. Alan greenspan had an unusual upbringing in the sense that raised in the 1930s, he was the child of a single mom. His father left his mother when alan was only 3 and then was this sort of distant figure, unreliable, who would sometimes say he would come and see his son and then not show up. In and i think that probably reinforced a talent alan had to live inside his own head, and that was further reenforced by his mother. First of all, were talking about the 30s, the depression, so she had to earn a living. Ng wasnt so easy. She worked in a Department Store in manhattan, so he was left
Fabulous book. Guest thank you. Host ive known Alan Greenspan for many, many years, and we worked together closely when i was his vice chair, and hes a complicated man, and these were complicated times, and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bitt about that on his career choices . Guest yeah. Alan greenspan had an unusual upbringing in the sense that raised in the 1930s, he was the child of a single mom. His father left his mother when alan was only 3 and then was this sort of distant figure, unreliable, who would sometimes say he would come and see his son and then not show up. In and i think that probably reinforced a talent alan had to live inside his own head, and that was further reenforced by his mother. First of all, were talking about the 30s, the depression, so she had to earn a living. Ng wasnt so easy. She worked in a Department Store in manhattan, so he was left
By alice senior fellow of economic studies at the brookings institution, and former vice chair of the Federal Reserve from 1996 to 1999. Sebastian, wj, im delighted to be doing this and i think its a fabulous book. Ive known alan for many, many years and we worked together closely when i was his chair, and hes a complicated man and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bit about that on career choices . Alan had a unusual upbring in sense that raised in 1930s he was the child of a single mom. His father left his mother when he was 33 and then a distant figure who would say he would see his son and then not show up up. I think that probably reenforce a tendency that he had to live inside of their head to be introverted and then that was further reenforced by two flengs his mother first of all talking living aen working in a Department Store in manhattan. And so he was left by h