New Book from Cato Institute: “Shelter from the Storm”

The following is a paid advertisement. Please note that this message reflects the opinions and representations of our sponsor. The views expressed in this message do not necessarily reflect those of Reason.com and do not constitute an endorsement or recommendation by Reason.com. New book from the Cato Institute Shelter from the Storm How a COVID-19 Mortgage Meltdown Was Averted This is a story about how you can directly help Main Street without bailing out Wall Street. Now on Sale Nationwide The COVID-19 pandemic upended our daily lives and transformed the political landscape. The crisis was not only an unprecedented shock to our health care system, but also an unprecedented threat to our economic well-being, including the mortgage and housing markets. While the primary focus of the federal response was appropriately on public health, a critical aspect of that response was the efforts to keep families in their homes.   Despite the reforms following the 2008 financial crisis, our financial markets were not prepared. March 2020 brought another financial crisis, moderated by the responses of our financial regulators. Calls for bailouts rose again but some were determined not to repeat the many mistakes of 2008.   As the director of the Federal Housing Finance Agency, which oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, Mark Calabria was responsible for leading that response. In Shelter from the Storm, he tells the story of how millions of families were provided mortgage and rental assistance―both to keep them safe and to keep our financial markets functioning. He offers readers a peek behind the curtain of government decision-making in a crisis and shows how FHFA minimized housing disruptions at little to no cost to the taxpayer and resisted repeated calls for industry bailouts and subsidies. GET $5 OFF YOUR PURCHASE THROUGH THE CATO STORE (NO CODE NEEDED) Purchase Now RELATED CONTENT BOOK FORUM Shelter from the Storm How a COVID-19 Mortgage Meltdown Was Averted This event aired Tuesday, March 14, 2023. Featuring the author Mark A. Calabria, Former Director, Federal Housing Finance Agency; Former Chief Economist, Vice President Mike Pence; Senior Advisor, Cato Institute; and Dana Wade, Chief Production Officer, FHA Lending at Walker and Dunlop; Former Commissioner, Federal Housing Administration. Moderated by Norbert Michel, Vice President and Director, Center for Monetary and Financial Alternatives, Cato Institute.  Watch Now Shelter from the Storm: How a COVID Mortgage Meltdown Was Averted In his new book, Shelter from the Storm, Cato's Mark Calabria details his time as head of the Federal Housing Finance Agency during one of the most turbulent times for housing finance. Listen Now Cato Institute • 1000 Massachusetts Ave, NW • Washington, D.C. 20001 • Phone (202) 842 0200 About this email: Reason will occasionally send emails from our advertising partners. If you do not want to receive these emails, click the unsubscribe link in the footer below. Reason Foundation 5737 Mesmer Avenue Los Angeles, CA 90230 Privacy Policy   Manage Preferences Unsubscribe