Time to Let Fannie and Freddie Wither?
BUSINESSWEEK - Top News July 11, 2008, 11:52PM EST In good times, they were superfluous. Now they’re only as good as their U.S. guarantee by Peter Coy Are Fannie Mae (FNM) and Freddie Mac (FRE) really too big to fail? That’s certainly a widely held assumption across much of the political spectrum. Republican Presidential candidate John McCain voiced the conventional wisdom on July 10 when he said, “They must not fail.” Democrat Charles Schumer, the New York senator, agreed, saying: “Markets s
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