Abstract
The Treasury Department offers a plan to reduce the dominance of Fannie and Freddie and release them from conservatorship. The authors explain why the plan is based on a misconception of the source of the GSEs’ dominance and would result in less access to mortgage credit, greater risk to the taxpayer and no end in sight for the system’s reliance on a too-big-to-fail duopoly.
Research Area:
Centers
Centers:
Cross-Center Initiative
Cross-Center Initiative:
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