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Time for Fannie and Freddie To Go

 

Time for Fannie and Freddie To Go

Via Politico:

The Obama administration’s efforts to fix the housing crisis may have fallen well short of helping millions of distressed mortgage holders, but they have led to seven-figure paydays for some top executives at troubled mortgage giants Fannie Mae and Freddie Mac.

The Federal Housing Finance Agency, the government regulator for Fannie and Freddie, approved $12.79 million in bonus pay after 10 executives from the two government-sponsored corporations last year met modest performance targets tied to modifying mortgages in jeopardy of foreclosure….

 
Now I suppose we know why they needed all those taxpayer bailouts.  It's time to end these Government Sponsored Enterprises and completely get government out of the mortgage business.

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