Fannie Mae and Freddie Mac reform: Would it add $5 trillion to US debt? - CSMonitor.com
The Obama administration turned its focus squarely on a $5 trillion question Tuesday: What to do with Fannie Mae and Freddie Mac, the giant financiers of US home mortgages that fell into a bankruptcy-style conservatorship two years ago.
You thought that "bailout" that you thought was such a good idea was the end of it, right? Nope. Do you even know what these two entities do, and if they are necessary?
1 comment:
The phasing out of Fannie Mae and Freddie Mac will bring back private capital and banks to the real estate market and the playing field will be level for private capital investment. Borrowers will also be required to put down a larger down payment.
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