This is a tricky issue. Taxpayer bailout of the semi-privatized Freddie & Fannie demonstrated lack of accountability in the banking system. The capital flight that followed left the Federal Housing Finance Agency and these entities the only sources for financing multifamily housing. Given the high rents and costs in urban areas, housing affordability should be the cornerstone of any reform.
via WHAT SHOULD BE DONE WITH FANNIE MAE AND FREDDIE MAC? | UTSanDiego.com.
