The U.S. Treasury Stealing From Fannie and Freddie Shareholders

TreasuryAs voices across the ideological spectrum have come to recognize the need for serious reform of our housing finance system with a greater role for private capital, the nation’s top housing regulator made an unfortunate revelation.  A revelation which points to the difficult path for serious housing reform.  Mel Watt, newly installed Federal Housing Finance Agency (FHFA) director and top regulator of mortgage giants Fannie Mae and Freddie Mac, says that reforming the unfair housing finance system and protecting property rights is not part of his job description.

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