The gov't has decided Fannie & Freddie are here to stay for the foreseeable future. Probably makes sense if done efficiently, a Big If. But these entities can be effective at keeping the mortgage markets liquid, and their securitization practices are bound to draw intense scrutiny, protecting institutional investors who didn't bother to understand what they were buying last time. Hopefully, a net positive. -David
http://m.apnews.com/ap/db_11751/contentdetail.htm?contentguid=eXr591sF
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