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U.S. taxpayers need stronger protection from the next housing crash

By Patrick following x   2018 May 31, 9:57pm 556 views   1 comments   watch   nsfw   quote     share    


Almost a decade ago, Fannie Mae and Freddie Mac — collectively Government Sponsored Enterprises or GSEs — became insolvent, were bailed out by taxpayers, and were put into federal conservatorship. Yet, in May, Treasury Secretary Steven Mnuchin admitted that this Congress is not likely to enact GSE reform, although the subject is still on his agenda.
1   TrumpingTits   ignore (1)   2018 Jun 1, 8:52pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

GSEs should be abolished, period.

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