The $5 Trillion Question: What Should We Do with Fannie Mae and Freddie Mac?

The $5 Trillion Question: What Should We Do with Fannie Mae and Freddie Mac? (via http://mortgagespectator.com)

For decades America’s system of housing finance was the envy of the world. But reckless behavior on Wall Street and weak oversight in Washington during the 1990s and 2000s contributed to an unprecedented bubble and bust in the U.S. mortgage market, resulting in financial catastrophe by 2008. Among…