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Fannie and Freddie Are Just Government Agencies. They’re Likely to Stay That Way.
June 30th 2021, 3:34 pm
Fannie and Freddie were long quasi-government corporations that typified the corrupt union between the feds and corporate America
But now it looks like both companies are just full-on government corporations
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The court didn’t say this in so many words, but the ruling (namely,
Collins v. Yellen) helps to end the fiction that Fannie and Freddie are private organizations only temporarily in a state of “conservatorship” under the control of the US government.
Seemingly, the ruling itself is extremely mundane. The court ruled that the chief executive of the Federal Housing and Finance Agency (FHFA) the government agency that effectively owns Fannie and Freddie was for all practical purposes a government appointee like any other executive from a government agency. Moreover, the court refused to intervene to end the federal government’s pra