Fannie Mae and Freddie Mac Turn Record Profits

privatized profits and socialized losses--

Fannie Mae and Freddie Mac Turn Record Profits | New Republic: "The new enticements to coax that private capital back into the market look even less advantageous to investors. As a result, we have this strange limbo, with the status quo in place to prop up the housing market. At the moment, Fannie and Freddie’s profitability means a windfall for taxpayers, as the companies must pay the bulk of their profits to the Treasury. But that won’t hold forever. And this anxiety about a government-sponsored housing market could lead to big banks getting their wish—a market with privatized profits and socialized losses."


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Fannie Mae and Freddie Mac and Washington Dysfunction

Fannie Mae and Freddie Mac: Lawmaker's and Attorney's General are Still Calling for Ed DeMarco's Head | TIME.com: " the government must always consider the idea of fairness as well. And I’m sure there are plenty in the Obama Administration who would like to simply avoid the political headaches that come with opening such a can of worms. Especially when they have Ed DeMarco to take the heat for them."

Sounds like dysfunctional Washington!


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