Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

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Fannie Mae, Freddie Mac return from the grave

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Real estate is roaring back, and so are the players that, as much as any other, caused its crash, Fortune reports.

In fact, almost all the policy decisions that have been made since the government took control of Fannie Mae and Freddie Mac have failed miserably in the mission to de-emphasize their role in the economy — instead giving the pair unintended but powerful advantages and squeezing out private competitors.

Source: CNN Money
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