Over the past 80 years, Congress has assembled a system of federal housing finance enterprises (FHFEs), which have led to the long-term deterioration of credit underwriting standards, created moral hazard, and encouraged imprudent risk-taking in the housing finance system. Indeed, beginning with the New Deal–era housing policies of the 1930s, Congress has created an ever-growing apparatus of FHFEs that provides various forms of insurance and guarantees of residential home loans.
Bruce Elliott McCarthy, 89, loving father and grandfather died peacefully on September 24 2022. Bruce was born on May 7 1933 near Rochester New York, the son of the late
As World War II approached, New Kensington was truly “The Aluminum City.” In 1940, there were 7,500 people employed at ALCOA facilities in the city at the riverfront aluminum works, the powder plant along the river in Plum and at the research center along Freeport Road. Thousands of other support