A good article in the NY Times on the status of Fannie Mae and Freddie Mac, the quasi-government agencies that backed the mortgages of many homes. The National Affordable Housing Trust Fund was initially supposed to be funded through a part of their profits.
I should note that those two agencies have been unfairly blamed for the crash of the housing market, by people who confuse cause & effect.
Friday, April 2, 2010
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