Friday, August 22, 2008

No more need for Freddie and Fannie

Do we really need a Fannie Mae and Freddie Mac? Do we need entities where the losses are paid for by taxpayers, but the gains received by shareholders?

While not in depth, this article argues that the Fannie and Freddie should be nationalized and then killed off by splitting them up into baby mae and mac (perhaps an iMac......sorry, had to say it) that are then made public entities owned by shareholders, not the government.

Scott Dauenhauer, CFP, MSFP, AIF