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Housing: Administration must save dream

The Missoulian, By Investors Unite member Link Neimark

Last December, the Obama administration claimed an impressive victory, boasting that bank and auto industry bailouts had netted a $15 billion profit for the taxpayers. Now it is time to claim an even greater victory.

The GSEs (Fannie Mae and Freddie Mac) borrowed $187 billion from the Treasury and have since repaid $225 billion. The administration may rightfully claim that they made a $38 billion profit for the taxpayers, procured for the taxpayers 79.9 percent of the common stock of two of the most profitable companies in the world, rescued the GSEs and saved the housing industry.

Read the full letter here: Housing: Administration must save dream