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  • End This Mission Impossible

    Freddie Mac CEO Richard Syron told reporters yesterday that Freddie’s dual role as a government sponsored entity charged with creating profit for private investors and serving the public by boosting the housing market is “almost impossible.”

    We almost agree:

    Fannie and Freddie are leftovers from an era when giant government entities seemed essential to achieving social goals. … Congress should look at breaking up both. A larger number of smaller entities could compete with each other without artificially dominating the market. In other words, let’s bring real capitalism to the housing-securitization markets.

    Posted in Ongoing Priorities [slideshow_deploy]

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