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What Should be Done with Fannie and Freddie?

The Economist asks: What should be done with Fannie Mae (FNM) and Freddie Mac (FRE)? Here’s my response (additional responses from Laurence Kotlikoff, Phillip Swagel, Tom Gallagher, and John Makin, with others to follow, all responses): There are two potential justifications for the existence of institutions like Fannie and [...]
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