GSE Reform And A Conspiracy Of Silence
I've posted a draft of a paper (see the button for GSE Reform Paper, above) that describes the evolution of the Washington consensus that deemed GSE reform to be synonymous with GSE abolition. This part of the paper covers the early weeks of 2011, which coincided with the release of final reports by the Financial Crisis Inquiry Commission and by the Department of Treasury with regard to housing finance reform.
"GSE Reform and a Conspiracy of Silence," should remind us of an essential skill for anyone in business, or anyone who wishes to be an informed voter. You must always keep your ears open for what people aren't talking about. And then you must figure out why they aren't talking about it. The collective silence from GSE reform advocates with regard to critical issues in mortgage lending seems deafening.
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