Could Fannie and Freddie Pay Back Taxpayers Someday? - Developments - WSJ

Mr. Millstein cited the Federal Deposit Insurance Corp.’s track record in guaranteeing bank deposits and said a new federal mortgage insurer, if its role is defined clearly, should be able to do the same thing. The FDIC, he noted “has never cost the taxpayers a dime.”

Without government support, he said, mortgages will be less available. “There will be less credit, and there will be a decline in house prices,” he said.

via Could Fannie and Freddie Pay Back Taxpayers Someday? - Developments - WSJ

SHARE:
Subscribe