Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
Alan Boyce, Glenn Hubbard, and Chris Mayer (“BHM”) have published an important paper, “Streamlined Refinancings for up to 30 Million Borrowers,” which makes the case for refinancing all loans – trillions of dollars in face amount — now covered by the housing GSEs, Fannie Mae and Freddie Mac. This proposal breaks-down the evil cartel of [...]
It is still not too late for our leaders to get ahead of the accumulating fear that eats away daily at public confidence in currencies and markets from Los Angeles to Berlin. But the first step to turning things around is to understand that doing nothing, as has been the strategy in both the US and EU since 2008, is no longer a viable strategy.
In a Washington Post report this week, the Obama Administration was said to have decided to adopted a proposal to continue a major government presence in financing mortgages.
Roubini claims Karl Marx was right about capitalism eventually destroying itself. The future, though, is not about class warfare as Marx predicted, but is about maximizing the potential and opportunities for every individual.
For those of you with the good sense to ignore the financial markets and enjoy the waning days of summer, here are some of the books -- new and old -- sitting on my table.
The solution to the financial crisis affecting BAC and the US economic malaise are the same, namely an orderly, immediate public process of restructuring for the top banks and housing agencies.
The decision by Standard & Poor’s to downgrade the U.S. credit rating illustrates a number of areas of weakness in the world of ratings.
During his tenure as Chairman of the Fed from 1951 through 1970, William McChesney Martin Jr. saw the transition from America at war, with the government controlling much of the economy, to a peace time economy where wider financial ebbs and flows were possible. His experience in confronting both inflation and deflation during his term is instructive today.
For bankers and regulators seeking to enhance the safety and soundness of financial institutions, the new revelations about the possibility of default in the US and EU raise the possibility that top-quality corporations will be trading at tighter spreads and superior credit ratings than sovereign states.
A few days or weeks of pain will raise the political temperature in Washington even further and bring all Americans into the proverbial kitchen for a long overdue family discussion about money. And that is a very good thing.