Leave it to the American Enterprise Institute (AEI) to keep retreading the canard that Fannie and Freddie caused the Wall Street, deregulated, toxic, mortgage-securitization Great Recession.
Fannie and Freddie came late to the game and only had problems because fraudsters were submitting toxic debts to Fannie and Freddie that those Government-Sponsored Enterprises didn't catch in time. They did come back to the issue and did recoup a great deal of money from the fraudsters.
The Great Recession was cause by deregulation, not Fannie and Freddie.
What the AEI wants is privatization, which never goes better than leaving things the way they were. The reason AEI wants privatization is because then the richest of the rich, who fund the AEI, can skim more profits for themselves. They are not out to benefit the general public.
Watch and listen to the nonsense: We don't need Fannie or Freddie for a fixed mortgage rate, says...