Housing reform: Unleash the power of GSEs
The Missoulian - November 11, 2014 - November 13, 2014
The Missoulian, By Investors Unite Member Link Neimark
In 2008, the government-sponsored entities were reeling from a financial crises precipitated by big Wall Street firms like Goldman Sachs, Bank of America and JP Morgan Chase, which sold fraudulently rated sub-prime mortgages to the GSEs and private investors. The GSEs were placed in conservatorship and given a loan from the Treasury to help them recover. They have since paid back every dollar borrowed plus interest. They have literally paid their debt to society. It is now time to release the GSEs from conservatorship.
Read the full letter to the editor: Housing reform: Unleash the power of GSEs