Articles About House Financial Services Subcommittee
- Author:
- James I. Clark III
- Posted:
- 02.23.2011
Goodbye to Fannie and Freddie
The Obama administration and the Treasury Department have decided that Fannie Mae and Freddie Mac — the public-private housing finance model in place for the past four decades – will come to an end, although they pledged to continue backing the agencies’ existing obligations. “The GSE (government-sponsored enterprise) model is dead,” an Obama administration official […]