Foreclosure Crisis

The Financial Crisis Inquiry Commission examine the actions of Fannie Mae and Freddie Mac, the two semiprivate institutions that together are the backbone of mortgage financing. The two agencies are favorite targets of the right, but will there be an equally tough progressive critique of the actions of the actions of the highly paid executives who run these companies? Taxpayers are going to lose a ton of money on Fannie and Freddie, as a result of decisions made during and after the financial crisis, but what other options have policymakers really had?

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