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Getting Our Money Back from Fannie and Freddie

adrianvance Wrote: Nov 27, 2012 12:35 AM
People on the left never realize or admit to the power of the collective intelligence of the free market. See The Two Minute Conservative at http://adrianvance.blogspot.com for political analysis, science and humor. If you read us every day when you speak ladies will swoon and liberal gentlemen will weep.

Yesterday in the New York Times, Josh Rosner, co-author of Reckless Endangerment, asked one of the questions that almost everyone in Washington is avoiding: how do the taxpayers get back their money, currently about $180 billion (including dividends), from Fannie Mae and Freddie Mac? Obviously Democrats do not want to be reminded that their social engineering of the mortgage market has been a disaster, but why have Republicans been quiet?

I suspect many Republicans, at least those not closely aligned with the real estate industry, are torn between wanting to immediately get rid of Fannie and Freddie and getting the...

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