Privatize Freddie and Fannie; The Discount Rate
Nobody gets Fannie and Freddie better than Peter Wallison. Here Peter explains why the twins should be privatized but won’t be: having their own mortgage bank is just too much fun for Congressmen
Everybody wants to talk about the Fed raising the discount rate. Bank profits may go down fractionally, otherwise, snore, snore. Point 75 like point 50, is for most purposes just another way of saying free money
Tags: Andrew Redleaf, free markets, Mortgage Crisis, Richard Vigilante, Whitebox
