Fannie and Freddie are Bankrupt, But Indispensable to Propping Up Market
• NYtimes.com/Since their bailout, in September 2008, Fannie and Freddie have become more, not less, important to the U.S. housing market. At present, 9 of every 10 new mortgages are sold to, or guaranteed by, arms of the U.S. government...
