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Dec 15th, 2020 5 min read
COMMENTARY BY
Director, Center for Data Analysis
Norbert Michel studies and writes about financial markets and monetary policy, including the reform of Fannie Mae and Freddie Mac. President Trump, Vice President Pence, and U.S. International Development Finance Corporation CEO Adam Boehler listen to Daniel O Day, CEO of Gillead Sciences Inc., on May 1, 2020. JIM WATSON / Contributor / Getty Images
Key Takeaways
Even though Congress did not intend for these conservatorships to be permanent, Fannie and Fannie have remained under government control for 12 years.
The administration should finish the order and ensure that Fannie and Freddie pay back the taxpayers over a reasonable number of years.