But while the Obama Admin has taken many steps to privilege and protect TooBigToFail Banks and Banksters by spreading their billions in failure to taxpayers, apparently it's time to Make Some Noise About The Issue.
However, this Treasury "white paper" doesn't make even one recommendation to stop the bleeding. Instead, it lays out three possible scenarios for putting mortgage lending back in the hands of banks.
The essential problem with Fannie and Freddie? Can't live with 'em, can't live without 'em. It's a peculiar quandary posed by The Real Estate Industrial Complex:
...those who own a home, mortgage or not, want the value to remain as high as possible, lest they lose their investment or even go underwater. While those looking to buy a home are told that without the Fannie/Freddie blank check guarantee system, they'll never be able to purchase one.