Are We Better Off Without Fannie & Freddie?

Some people reflexively oppose whatever Republicans support, while others just as automatically come out against anything Democrats like. That simple, grumpy rule of thumb doesn’t work with Fannie Mae and Freddie Mac, because many conservative Republicans and liberal Democrats are taking the same side: They’re against the latest bill to close down the mortgage giants. For different reasons, of course. This forces the rest of us to actually think for a moment about who’s right.

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