A Recipe for Housing Disaster
Washington Post, Dec. 21, 2015
Politics makes strange bedfellows; when you mix politics with money, it makes for unholy alliances. Case in point: the push by Wall Street hedge funds and low-income-housing advocates to “recapitalize and release” Fannie Mae and Freddie Mac, the collapsed public-private mortgage-finance giants, which were nursed back to profitability with the help of $188 billion in taxpayer funds.
