Why not eliminate it and let the free market work?
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Fannie Mae & Freddie Mac's have been part of the governmental system & investment $ return for so many years that in effect privatizing would seek out a varying composite for the two...
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The government should not be in the business of home loan business. Home loans should be issued by financial institutions who understand the free market system, without the government telling them who should or should not be able to buy a home. Home loads should only be approved to individuals who qualify for the loans and…
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This is like closing the barn door after the horse got out. The federal government should never have gotten into regulating the mortgage industry. Like so many other good intentions, FNMA and FHLMC were supposed to insure mortgages made by lenders to protect them from any losses due to foreclosures. They set the underwriting guidelines…
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Wrong, wrong, wrong!!!
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Sad to say that the Cypriot governmental banking system must seek out private citizens' personal/professional bank accounts to bail out current $ deficiencies - last week tv media newscasts showed Cyprus major city turmoil & interviewed one Greek citizen who appeared more than tearfully distraught in stated double losing, ie bank $'s & employment.
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Better to privatize Freddie and Fannie than to have them remain a part of government.
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Private industry can usually outdo government in most situations. I think it is a good idea.
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It couldn't be any worse. Smaller government.
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My observations have convinced me that the government does a better job of overseeing businesses than it does overseeing itself. If I am correct, and history seems to support my observations, then privatization is the way to go - not to mention that housing isn't in the Constitution (pace FDR). We also need to stop…
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