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Legal Commentary

: Economics of Contempt

Fannie and Freddie to go into Conservatorship?

By Anonymous

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The WSJ is reporting that Fannie and Freddie will be put into a conservatorship, with the Federal Housing Finance Authority as conservator. So the plan is to put two gigantic and vital companies into a conservatorship that's unprecedented in both nature and size, and to appoint as conservator an agency that's been in existence for just over 5 weeks? And this is supposed to calm the markets?

If we're going to nationalize the GSEs, just come out and nationalize them already.

Full post as published by Economics of Contempt on September 05, 2008 (boomark / email).

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