We already socialized the losses in the crisis (paper or not). Then we socialized the profits for years through the sweep. Keeping Fannie and Freddie in conservatorship now is not prudence. It is habit dressed up as risk management. Amend the PSPA, make Treasury’s stake common and visible, capitalize them like utilities, list them, pay dividends, and let America stop pretending nationalization is a housing policy.
@pulte