A bipartisan Senate housing reform would double down on the mistakes that led to the financial crisis. By Phil Gramm And Peter Wallison April 16, 2014 7:03 p.m. ET In this era of partisan gridlock, any legislative proposal with significant bipartisan sponsorship should be praised and supported if it simply...
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Category Archives: Housing Policy
Phil Gramm and Thomas R. Saving-Janet Yellen’s Greatest Challenge
Every month that the Fed’s quantitative easing goes on, the exit strategy becomes more difficult and dangerous. By PHIL GRAMM and THOMAS R. SAVING With the Senate Banking Committee on Thursday approving Janet Yellen’s nomination to lead the Federal Reserve, her confirmation is virtually assured. Less certain is what Ms. Yellen ultimately intends to...
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WSJ: The Clinton-Era Roots of the Financial Crisis
Affordable-housing goals established in the 1990s led to a massive increase in risky, subprime mortgages. By Phil Gramm and Mike Solon Aug. 12, 2013 6:55 p.m. ET Simply put, the financial crisis of 2008 was caused by a lot of banks making a lot of loans to a lot of...
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WSJ: Deregulation and the Financial Panic
Loose money and politicized mortgages are the real villains. By Phil Gramm Feb. 20, 2009 12:01 a.m. ET The debate about the cause of the current crisis in our financial markets is important because the reforms implemented by Congress will be profoundly affected by what people believe caused the crisis....
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