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Housing finance, beyond Fannie and Freddie
President Obama this week joined lawmakers from both parties in calling for Congress to wind down Fannie Mae and Freddie Mac, the privately owned but government-backed companies that supply most of the funding for home mortgages in this country. There is now a clear consensus in Washington in favor of shrinking the government's role in housing finance. The tough question that remains, though, is how far to go.
August 8, 2013