Finance Politics

What will happen to Freddie and Fannie?

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We hear much today about the new congress wanting to turn back socialized health care. But nobody is talking much about the elephant in the livingroom. You know, the socialized mortgage lending that nearly caused a nationwide depression (and may still do so). Below, the link to is an opinion piece that concisely describes our dilemma on this third rail topic. Sadly, it seems the preferred “new” alternative is simply more of what brought the economy to it’s knees. Government guarantees which privatize profits, and socialize the risks.

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