As most of you know, the Obama Administration last week held meetings to decide, among other things, what to do with Fannie and Freddie. Unfortunately, like so much in life, the best answers aren’t going to be black and white, but gray.
“This is not a good time to make permanent solutions for housing,” says Guy Cecala, publisher of Inside Mortgage Finance. The single-minded promotion of homeownership failed and, paradoxically, undermined the American dream. It contributed to the housing “bubble” and favors housing investment over new industries and technologies. But to end it, we need to make haste slowly.”
Read more at The Washington Post