What Should We Do with Fannie and Freddie?
May 23, 2010 at 21:59 PM EDT
The past few years have demonstrated that Fannie Mae (FNM) and Freddie Mac (FRE), the two mortgage giants, were built on a flawed business model. One that paired private profit in good times with taxpayer burdens in bad times; created systemic risks to the world financial system; concealed the degree of federal involvement in mortgage [...]