Turtles All the Way Down

(Community Matters) Fannie/Freddie in the Economist here

I’m torn. At a time when the government is bailing out investment & commercial banks and holders of securitized mortgages, I’m reluctant to dismantle organizations which have made homeownership accessible to millions in the middle class. Hasn’t their problem been the arbitraging of others’ packaged mortgage securities & their negligent ratings?

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