– The State Wants To Nationalize Second Mortgages. What Could Possibly Go Wrong?:
Recently, Freddie Mac, a government-sponsored enterprise, sought approval from its oversight agency, the Federal Housing Finance Agency (FHFA), to purchase and guarantee second mortgages in the United States.
While the business case for this proposal is deficient (for an excellent perspective on that, see the article by R. Christopher Whalen), I will discuss the economic and political premises behind this move and its possible consequences.
* * *
PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP