Privatize Fannie Mae and Freddie Mac-WSJ
July 16, 2008
The Wall Street Journal’s Holman Jenkins, Jr. makes a strong case for Privatizing Fannie Mae and Freddie Mac:
Sphere: Related ContentSell off their regional underwriting offices to private investors. Don’t heed any guff about how Fannie and Freddie are “vital to the functioning of the U.S. housing market.” Houses would still need to be financed, and the private sector would jump at a chance to get the solid, triple-A business that Fannie and Freddie now monopolize. Indeed, there’s evidence that their implicit subsidy never flowed through to homebuyers anyway, but was captured by their shareholders and managers.
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