Fannie and Freddie Are Making Lots of Money — But Not for Their Shareholders
National Review - September 3, 2015 - September 3, 2015
By Logan Beirne and Jonathan Macey
Here in the United States, corporations operate under laws that even the federal government must respect. It is a principle so deeply ingrained in our system that it should be almost unnecessary to point out, were it not for the troubling behavior of our public servants in Washington.
In a move that smacks of nationalization, the Federal Housing Finance Agency and the United States Treasury are pressing ahead with a plan that keeps two private companies — Fannie Mae and Freddie Mac — under government control at the expense of American investors.
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