The monstrosity of government-backed asset markets

Good discussion on how government-backing has contorted and disabled free market pricing of housing, debt and risk. Individual participants need to bear and price their own risk if the system is to be sustainable and stable.

Josh Rosner, managing director at Graham Fisher and Company, explores the many ills of Fannie Mae and Freddie Mac and political complications holding up action to replace them or resolve their issues. Here is a direct video link.

This entry was posted in Main Page. Bookmark the permalink.