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End This Mission Impossible
Posted By Conn Carroll On August 6, 2008 @ 11:24 am In Ongoing Priorities | Comments Disabled
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.
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URL to article: http://blog.heritage.org/2008/08/06/end-this-mission-impossible/
URLs in this post:
 told reporters yesterday: http://www.washingtonpost.com/wp-dyn/content/article/2008/08/05/AR2008080503351.html
 agree: http://www.heritage.org/Press/Commentary/ed071608a.cfm
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