Barney Frank says Fannie and Freddie must go!!

Originally posted by KazetNagorra
In the UK and Sweden, the housing market recovered surprisingly quickly after mortgage deductions were abolished.

Do they have anything comparable to Freddie and Fannie in Sweden? Does the government consider housing and entitlement?

Originally posted by whodey
Do they have anything comparable to Freddie and Fannie in Sweden? Does the government consider housing and entitlement?

I'm sure they have lots of housing-related entitlements in Sweden. Maybe Fabian can tell you more about it.

Originally posted by KazetNagorra
I'm sure they have lots of housing-related entitlements in Sweden. Maybe Fabian can tell you more about it.

Yes, but do they create trillions of dollars in toxic assets as the government sits idly by as they become insolvent?

Originally posted by whodey
Yes, but do they create trillions of dollars in toxic assets as the government sits idly by as they become insolvent?

No, I don't believe so.

Originally posted by whodey
Yes, but do they create trillions of dollars in toxic assets as the government sits idly by as they become insolvent?

What complete BS.

By any reasonable standard Fannie Mae and Freddie Mac are doing great. Despite difficult times they have substantially lower foreclosure rates than lenders in general.

http://www.realtytrac.com/ContentManagement/RealtyTracLibrary.aspx?channelid=8&ItemID=5590