Housing Policy's Third Rail
Gretchen Morgenson, New York Times
WHILE Congress toiled on the financial overhaul last spring, precious little was said about Fannie Mae and Freddie Mac, the mortgage finance companies that collapsed spectacularly two years ago. Go to your Portfolio »
Indeed, these wards of the state got just two mentions in the 1,500-page law known as Dodd-Frank: first, when it ordered the Treasury to produce a study on ending the taxpayer-owned status of the companies and, second, in a “sense of the Congress” passage stating that efforts to improve the nation’s mortgage credit system “would...
http://www.realclearpolitics.com/2010/08/08/housing_policy039s_third_rail_239227.html
