Imagining Life Without Fannie and Freddie

Gretchen Morgenson

Imagining Life Without Fannie and Freddie

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Gretchen Morgenson is assistant business and financial editor and a columnist at the New York Times. A report to Congress from those departments, published on Friday, provided some long-awaited analysis by the Obama administration about what went wrong in housing finance — and how to fix it.
The report, entitled “Reforming America’s Housing Finance Market,” zeros in on the perverse incentives created by the nation’s mortgage complex during the years leading up to the panic of 2008.
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