Posts in "deregulation"

Matthew Malkus's picture
By Matthew Malkus at 5:03PM

Pick an Agency, Any Agency: FHFA

As fiscal conservatives continue to seek avenues through which to derail the federal gravy train, it helps from time to time to take a look at the mind-numbingly long list of federal departments and agencies that are on board. Of course, this list is hardly exhaustive – just one that is publicly available – but it can certainly give us some concrete ideas on how and where to cut the spending.

Today: Federal Housing Finance Agency (FHFA)

About: “[The FHFA seeks to] provide effective supervision, regulation and housing mission oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks to promote their safety and soundness, support housing finance and affordable housing, and support a stable and liquid mortgage market. The Federal Housing Finance Agency (FHFA) was created on July 30, 2008, when the President signed into law the Housing and Economic Recovery Act of 2008.”
FY 2010 Budget: $139.3 million (Source)

In response to the housing crisis in 2008, media pundits and politicians were quite convinced that there simply wasn't any regulation in the housing market.


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Matthew Malkus's picture
By Matthew Malkus at 7:51PM

Pick an Agency, Any Agency: GIPSA

As fiscal conservatives continue to seek avenues through which to derail the federal gravy train, it helps from time to time to take a look at the mind-numbingly long list of federal departments and agencies that are on board. Of course, this list is hardly exhaustive – just one that is publicly available – but it can certainly give us some concrete ideas on how and where to cut the spending.

Today: Grain Inspection, Packers, and Stockyards Administration

About: “The Grain Inspection, Packers and Stockyards Administration (GIPSA) facilitates the marketing of livestock, poultry, meat, cereals, oilseeds, and related agricultural products, and promotes fair and competitive trading practices for the overall benefit of consumers and American agriculture. GIPSA is part of USDA's Marketing and Regulatory Programs, which are working to ensure a productive and competitive global marketplace for U.S. agricultural products.”
FY 2010 Budget: $84 million (Source)

You read that correctly. The USDA essentially has a marketing department called GIPSA, established in 1994. While they speak of a “competitive global marketplace,” however, they don't deal with foreign marketing or exports; no, for that, you'd have to go down a couple floors to the Foreign Agricultural Service (FAS). But that's another article for another day. If GIPSA is in the business of marketing, but there's a separate agency to improve American agriculture in foreign markets, then what does that leave GIPSA tasked with?


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Seth Mann's picture
By Seth Mann at 8:40PM

Virginia is for (Liquor) Lovers

H/t BigGovernment.com and Hotair.com:

Bob McDonnell is a self-professed pinot grigio and white zinfandel drinker.  

He’s also the new Republican governor of Virginia and is taking aim at the commonwealth’s oppressive and inefficient state-owned liquor monopoly. Virginia is among the more than a dozen states which still completely control the sales and distribution of all distilled spirits.

Reason TV’s Nick Gillespie brings us the story.  Subscribe to Reason.tv’s YouTube channel and get immediate notification whenever a new video goes live.