Oh my, privatizing Fannie and Freddie is long overdue. Eliminates a massive vote-buying scheme for the left, and in the end removes a huge market distortion which created the costly “bubbles” we’ve experienced.
It’s becoming a bit tedious, all this winning...not!
According to the article, it is very unlikely that the federal government backing of the bad debts that Fannie and Freddie purchase and then bundle into marketable securities (the MAJOR source of the market distortion) will be changed. So, it is a matter of returning control to the corporate cronies without disconnecting the syphon to the government teat. This is the "reform" that Obama has proposed for 8 years. Unless Mnuchin insists that the federal government backing terminates as a part of the privatization, this is NOT the win that you think it is.