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The Fannie and Freddie Effect is Here Long Term

Quicklink submitted By       Message Margaret Bassett     Permalink
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Shutting down Fannie and Freddie is impractical because it would lead to a plunge in house prices. But dithering over the status quo and persevering with a distorted market that rewards reckless behaviour by consumers and banks could be just as disastrous " and more long-lasting.

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