Results 1 to 5 of 5

Thread: Obama Considering Economist Zandi to Head U.S. Housing Regulator......

  1. #1
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

    Obama Considering Economist Zandi to Head U.S. Housing Regulator......

    WASHINGTON (Reuters) - President Barack Obama is preparing to name a new regulator to oversee mortgage financiers Fannie Mae and Freddie Mac, and economist Mark Zandi is at the top of the list of candidates, according to people familiar with the process.



    Zandi would consider the post if it was offered to him by Obama, according to one source, who asked for anonymity in order to discuss personnel matters.

    Although the White House's decision has not been made final, the vetting process is well underway to find a permanent director for the Federal Housing Finance Agency. The position requires Senate confirmation, and Republicans might try to block an Obama nominee.

    Zandi, chief economist of Moody's Analytics, may have better prospects for winning confirmation, analysts said. While a registered Democrat Zandi was an economic adviser to Republican Senator John McCain during his 2008 presidential campaign.

    "The administration realizes that Republicans will never confirm a Democrat who has served for two decades on Capitol Hill to run FHFA," said Seiberg.

    The next FHFA director would be expected to guide Fannie Mae and Freddie Mac through an overhaul process that would reduce their role in the housing finance system. Both Democrats and Republicans agree that Fannie Mae and Freddie Mac should eventually be wound down, but have failed to agree on what should replace them.....snip~

    Seems moderate Republicans might go for this guy. The position of Perm Director.....I don't think we need to have a Perm Head. Especially if they are talking about winding it down. Think the Repubs will block? Thoughts?

  2. #2
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 03:47 PM
    Gender
    Lean
    Conservative
    Posts
    26,328

    Re: Obama Considering Economist Zandi to Head U.S. Housing Regulator......

    Quote Originally Posted by MMC View Post
    WASHINGTON (Reuters) - President Barack Obama is preparing to name a new regulator to oversee mortgage financiers Fannie Mae and Freddie Mac, and economist Mark Zandi is at the top of the list of candidates, according to people familiar with the process.



    Zandi would consider the post if it was offered to him by Obama, according to one source, who asked for anonymity in order to discuss personnel matters.

    Although the White House's decision has not been made final, the vetting process is well underway to find a permanent director for the Federal Housing Finance Agency. The position requires Senate confirmation, and Republicans might try to block an Obama nominee.

    Zandi, chief economist of Moody's Analytics, may have better prospects for winning confirmation, analysts said. While a registered Democrat Zandi was an economic adviser to Republican Senator John McCain during his 2008 presidential campaign.

    "The administration realizes that Republicans will never confirm a Democrat who has served for two decades on Capitol Hill to run FHFA," said Seiberg.

    The next FHFA director would be expected to guide Fannie Mae and Freddie Mac through an overhaul process that would reduce their role in the housing finance system. Both Democrats and Republicans agree that Fannie Mae and Freddie Mac should eventually be wound down, but have failed to agree on what should replace them.....snip~

    Seems moderate Republicans might go for this guy. The position of Perm Director.....I don't think we need to have a Perm Head. Especially if they are talking about winding it down. Think the Repubs will block? Thoughts?
    Oh man, Obama, if he thought he could get away with it would appoint Franklin Raines.

    Honestly, the Democrats got rich running Fannie and Freddie, into the ground, buying up hundreds of billions in sub-prime loans and then bundling and securitizing them poisoning the Financial Markets.
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

  3. #3
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

    Re: Obama Considering Economist Zandi to Head U.S. Housing Regulator......

    Quote Originally Posted by Fenton View Post
    Oh man, Obama, if he thought he could get away with it would appoint Franklin Raines.

    Honestly, the Democrats got rich running Fannie and Freddie, into the ground, buying up hundreds of billions in sub-prime loans and then bundling and securitizing them poisoning the Financial Markets.
    Heya Fenton. I agree with you.....although you see as the piece says there are several Conservatives that would oppose him being chosen for this Spot. What I found interesting was the concept that the Demos agreed with Repubs that they want to get rid of Freddie and Fannie.

    One thing is for certain.....last thing we need there is someone who is into Keynesian Economics.

  4. #4
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 03:47 PM
    Gender
    Lean
    Conservative
    Posts
    26,328

    Re: Obama Considering Economist Zandi to Head U.S. Housing Regulator......

    Clinton along with some very liberal comunity activist groups corrupted the
    GSEs purpose.

    Fannie had been around since the 30s and had a distinct and noble purpose and for 60 years it worked.

    The cancer of Liberalism swept through those orginizations as his appointees ran them like ENRON.

    ENRON execs went to prison, the corruption in the GSEs was blamed on the banks and George Bush.

    The Democrats essentially gained power, saw these massive cash cows and they robbed them, and us.

    Im not sure if the GSEs can be saved. Obama's more corrupt than Clinton.
    Last edited by Fenton; 04-19-13 at 09:39 AM.

  5. #5
    Banned
    Join Date
    Feb 2012
    Location
    Chicago Illinois
    Last Seen
    10-14-15 @ 09:28 AM
    Gender
    Lean
    Private
    Posts
    56,981

    Re: Obama Considering Economist Zandi to Head U.S. Housing Regulator......

    Quote Originally Posted by Fenton View Post
    Clinton along with some very liberal comunity activist groups corrupted the
    GSEs purpose.

    Fannie had been around since the 30s and had a distinct and noble purpose and for 60 years it worked.

    The cancer of Liberalism swept through those orginizations as his appointees ran them like ENRON.

    ENRON execs went to prison, the corruption in the GSEs was blamed on the banks and George Bush.

    The Democrats essentially gained power, saw these massive cash cows and they robbed them, and us.

    Im not sure if the GSEs can be saved. Obama's more corrupt than Clinton.
    Yeah, and Dodd moved over to the MPAA. Plus we know they play Hollywood anyways.

    Who is running the FCC?

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •