David Reiss

July 17, 2008 | National Law Journal

The stated ideology of the Bush era has been that the free markets should run unfettered. In light of the U.S. government's recent intervention with Fannie Mae and Freddie Mac, it is clear that the actual ideology is the privatization of profit and the socialization of loss, at least for huge financial institutions. Our regulatory structure has to address three issues. Financial institutions may be too big, too complex or too politically connected to fail. Fannie and Freddie, unfortunately, are all three.

By David Reiss / Special to The National Law Journal

5 minute read

September 15, 2008 | National Law Journal

Treasury Secretary Henry M. Paulson has announced that he is placing Fannie Mae and Freddie Mac in conservatorship. It is all but certain that both will exit their conservatorship in one form or another: perhaps retaining some of their hybrid public/private structure, perhaps as fully privatized companies, perhaps broken up into smaller companies. As the two cease to exist in their current form, it is worth thinking about what the future of the American mortgage market should look like without them.

By David Reiss / Special to The National Law Journal

5 minute read

January 26, 2004 | New Jersey Law Journal

Last month, the New Jersey Legislature held off an attempt by certain elements of the lending industry to eviscerate the recently enacted Home Ownership Security Act. Those same elements, however, are regrouping as the new session begins, hoping to take another swipe at the act. Legislators should oppose this assault, because the measure maintains a good balance between reducing mortgage abuses and preserving a healthy residential mortgage market.

By Baher Azmy and David Reiss

5 minute read

July 23, 2008 | New Jersey Law Journal

The stated ideology of the Bush era has been that free markets should run unfettered. In light of the federal government?s intervention with Bear Stearns Cos. and its more recent intervention with Fannie Mae and Freddie Mac, it is clear that the actual ideology is the privatization of profit and the socialization of loss, at least as far as massive financial institutions are concerned.

By David Reiss

5 minute read

September 19, 2008 | New Jersey Law Journal

It is worth thinking about what the post-Fannie and Freddie future of the American mortgage market should look like.

By David Reiss

5 minute read