This video is 10 years old, but it does a great job of explaining the damaging role of those two government-created entities.
But the silver lining to that dark cloud is that Fannie and Freddie were placed in “conservatorship,” which basically has curtailed their actions over the past 10 years.
Indeed, some people even hoped that the Trump Administration would take advantage of their weakened status to unwind Fannie and Freddie and allow the free market to determine the future of housing finance.
Those hopes have been dashed.
Cronyists in the Treasury Department unveiled a plan earlier this year that will…
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