Fixing Fannie Mae and Freddie Mac in isolation, without looking at the big picture, would be short-sighted.
From Bethany McLean
Choices of right or wrong are not presented to you in black and white. If they were, I'm sure most people would choose white.
Capital isn't this pile of money sitting somewhere; it's an accounting construct.
In capital we trust. Capital is our savior, our holy grail, our fountain of youth, or at least health, for banks.
Home ownership was the fig leaf for the rise in subprime lending. But that was really about cash-out refinancings, not buying homes.
What's good for the financial industry probably isn't good for you.
When Warren Buffett invests in a company, he is conferring upon that company something very unique: his credibility.
The big banks advise cities about whether privatization is a wise choice. They also control the ability of states and cities to access the market for their financing needs.
Privatization of assets that most of us consider public goods - like airports and highways - has a long, often-uncontroversial history.
Proponents of privatization argued that cities and states needed private capital to fund all the upgrades that our decaying infrastructure so desperately needed.
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