This was an excellent interview with Richard Perry of Perry Capital where he comments on how recapitalizing Fannie Mae and Freddie Mac could contribute to an economic recovery. He rightly points out how there has been no effort to recoup taxpayer money on these entities while the Treasury’s other investments have actually worked out quite well. Right now is the perfect environment for these companies and the Federal Reserve is tapped out on credible solution to promoting growth. Congress is sadly unlikely to do anything productive but I believe Perry’s assessment is sound.
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