US Considers Remaking Fannie Mae, Freddie Mac Into Larger, More Terrible Entity

by Benjamin Domenech on 7:30 am August 6, 2009

“The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip the mortgage finance giants of hundreds of billions of dollars in troubled loans and create a new structure to support the home-loan market,” in a classic “good bank, bad bank” set up, toxic assets and all.

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