15 April 2011

Dump the Mac's (Freddie & Fannie)

What is the biggest centrally planned US market?  Housing of course.  Fannie and Freddie are New Deal era companies born out of "necessity" only to become behemoth bureaucracies.

So, what is the solution to fixing the ever evolving housing problem?  Simple, let the market work and get the bureaucracies out of the way.

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