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by jedberg 307 days ago
Fannie and Freddie are supposed to be there to stabilizing home lending rates. If they are public and have a profit motive, then their mission changes to profitability over stability.
1 comments
UncleOxidant 307 days ago
Weren't they public before the '08 GFC?
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stonogo 307 days ago
Yep. How'd that work out?
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jedberg 307 days ago
Yes. But their mission was still stability. This time around my understanding is that their charter will change.
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