To quote from the Times article tells us:
“The plan to put Freddie Mac and Fannie Mae into conservatorship was meant to be temporary.
But nearly two years later, Treasury Secretary Timothy F. Geithner has only just begun the process of figuring out how to overhaul the U.S. housing finance system.”
Mr. Geithner is purported to be one of the smartest men in the world. Perhaps he can convene a small panel to help him solve the problem. He might recruit Sen. Dodd and Congressman Frank, two other financial geniuses who certainly know the ins and outs of Fannie Mae and Freddie Mac.
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