Sunday, January 24, 2010

Frank: End Freddie, Fannie As Now Cast

Allow the Feds to guarantee the current toxic loans and spin off the companies to private individuals. Get government out of the housing business and allow the companies to duke it out on the open market, succeed or fail. At this point it doesn't matter what the taxpayers get for it, we are already on the hook for hundreds of billions of dollars in guarantees. Just get rid of it and all controls.

Read the article here.

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