Reply #4: Privatizing the housing finance system must be their jurisdiction too! [View All]

[NecessaryOnslaught]

Published 10/28/2003

WASHINGTON, Oct. 28 (UPI) -- Fannie Mae, Freddie Mac and the ten regional Federal Home Loan Banks together create a level of government involvement and taxpayer risk in the housing markets that is unequaled among the United States' major trading partners. Accordingly, an American Enterprise Institute seminar Monday looked at the possibility of fully privatizing the housing finance system, and removing this large risk from the taxpayers' back.

The seminar was held to examine the technical aspects of privatizing Fannie Mae, Freddie Mac and the Federal Home Loan Banks, which together form the Government Sponsored Enterprises that dominate the U.S. housing finance market.
http://www.upi.com/view.cfm?StoryID=20031028-053602-9635r