The Right Way to Kill Fannie Mae?

There was a gap in the financial regulations Congress wrote after the 2008 crisis: the federal government’s role in the mortgage market. Two U.S. senators now want to fill it. Senators Bob Corker, Tennessee Republican, and Mark Warner, Virginia Democrat, announced new legislation yesterday that would shut down Fannie Mae and Freddie Mac, the two government-sponsored companies that package and guarantee mortgage securities, and replace them with a public reinsurer.

via The Right Way to Kill Fannie Mae? – Bloomberg.

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