Paulson Recommends Nixing Freddie and Fannie

By Rook on January 7, 2009 5:48 PM | No Comments | No TrackBacks
Washington Post

Treasury Secretary Henry M. Paulson Jr. today called for abolishing Fannie Mae and Freddie Mac and replacing them with highly-regulated utilities that would play a more narrow role in supporting the U.S. housing finance system.
In other words, he is suggesting that they be restored to their original states before the free marketeers decided to convert them to unregulated, free-for-all ATM machines.

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This page contains a single entry by Rook published on January 7, 2009 5:48 PM.

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