Skip to main content

The Funny Business of Farm Credit

In May of 1998 we held a conference dedicated to two Government-sponsored Enterprises (GSEs) – Fannie Mae and Freddie Mac. In my statement to that assembly, I noted that both corporations had been enjoying good times, but cautioned that one of the unintended consequences of fat profits over a long period is the tendency of both government and private corporations to start believing in the fantasy of ever-rising profits. GSEs often escape the accountability that Congress or regulatory agencies should impose.  Read more.

Comments

Popular posts from this blog

The Little-Known History of the Forced Sterilization of Native American Women

Two fifteen-year-old Native American women went into the hospital for tonsillectomies and came out with tubal ligations. Another Native American woman requested a “womb transplant,” only to reveal that she had been told that was an option after her uterus had been removed against her will. Cheyenne women had their Fallopian tubes severed, sometimes after being told that they could be “untied” again.  Read more.

Why African American Women Joined the Communist Party

During the 1930s, the New Deal’s efforts to drive economic recovery had a dirty not-so-secret. To get the support and votes of southern whites in Congress, President Franklin Roosevelt had to water down relief efforts for African Americans. Even with programs that attempted to be race-blind, the South’s white administrators did their best to deny federal assistance to African Americans. Discrimination and segregation were still the name of the game, even in economic collapse.  Read more.