The Wall Street Journal reports that academics and housing experts believe the U.S. government should retain the part public entity / part private company aspect of Fannie Mae and Freddie Mac, with Fannie and Freddie promoting loans to low-income borrowers and the government insuring mortgages.
This is exactly the type of government intervention in the housing market that caused the financial crisis.
It is said that "people who forget history are doomed to repeat it."
And then there are those who never learned the "history" of our recent financial crisis to begin with.
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