Friday, November 11, 2005

Privatize Fannie and Freddie

Here's a commentary from National Review Online:

Confronted by a real problem related to the semi-governmental status of Fannie Mae and Freddie Mac, Congress is opting for strict new regulations that amount to a de facto nationalization of these government-sponsored enterprises. The best solution would be precisely the opposite — full privatization. Fannie Mae and Freddie Mac, were they to go private, would be normal, private companies in all respects, no longer receiving any special government benefits nor subject to special regulatory restraints.

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