Wall Street Journal: The Wrong Remedy for Fannie and Freddie
- March 27, 2014
More than five years after a mortgage mania led to a global financial crisis rivaling the Great Depression, Washington is finally turning to home-loan finance reform. Early in April the Senate Banking Committee will vote on a bill by Chairman Tim Johnson and ranking Republican Mike Crapo that claims to eliminate Fannie Mae FNMA +4.91% and Freddie Mac, FMCC +4.48% the government-sponsored enterprises that blurred the lines between public and private companies and were a central weakness of the pre-crisis system.
The Wall Street Journal
– Josh Rosner