The Law of Unintended Consequences
Fannie Mae and Freddie Mac serve as perfect examples of what happens when the government intervenes in the private sector. The two mortgage giants were once called ‘government sponsored enterprises,’ which meant that profits were collected by Democrat apparatchiks, while taxpayers were on the hook for any and all losses. The purported mission of these [...]
Tags: Bailout, Debt, Fannie Mae, Freddie Mac



