Everyone is saying we need to get rid of the GSEs because they represent too much risk for the taxpayers. They failed when every bank in the country that had their hands in mortgage-backed securities failed, got bailed out or nearly failed.
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In the latest National Real Estate Post video, Frank Garay and Brian Stevens said that no bank or anything that might replace Fannie Mae or Freddie Mac could have weathered the housing crash that we are currently dragging ourselves out of. See the video at
