The Glenn Beck Program
Best of the Program | Guests: Justin Haskins & Carol Roth | 5/28/24
May 28, 2024
Authors Justin Haskins and Carol Roth discuss the dangers of new European laws impacting American companies, including mandatory ESG systems. They also highlight the risks of Biden's housing regulators teaming up with Fannie Mae and Freddie Mac.
45:02
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Quick takeaways
- The new European law poses a major threat to freedom and requires action from Congress and the president.
- Biden's housing regulators collaborating with Fannie Mae and Freddie Mac poses dangers and implications for American companies.
Deep dives
Discussion on Freddie Mac and Fannie Mae's Expanding Market
Freddie Mac proposed offering second mortgages, enabling people to tap into home equity. Taking out consumer loans against home equity could lead to increased consumer spending, impacting inflation. The rushed policy implementation without a proper comment period raises concerns about its implications and financial risks. The potential expansion of this market could involve securitizing these loans, similar to the practices that triggered the financial crisis.
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