Fannie Mae and Freddie Mac Exert Horrifying Control Over Housing Market

Here’s a fascinating and, at the same time, truly frightening statistic:

The [government’s] plan could have tremendous importance because Fannie Mae and Freddie Mac own or guarantee nearly 31 million U.S. mortgages, or nearly six of every 10 outstanding

Anyone who questions the influence of these government-sponsored entities (GSEs) on the housing market and, by extension, on the American economy is living in a pipe dream or lying through his teeth.

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