FT: Time for comrade Paulson to pull the plug on the Fannie and Freddie charade
July 14, 2008 at 09:27 AM EDT
Totally misguided regarding public purpose. For one thing, the shareholders of the agencies are still there for ‘market discipline’ - all that’s been done for them is eliminated liquidity issues, not solvency issues. At the end of the day a lot of houses were built for a lot of people who live there. These are real assets [...]