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Richard Stallman's Political Notes

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Obama's plans for reforming "Freddie Mac" and "Fannie Mae"

dimanche 11 août 2013 à 14:00

Obama's plans for "reforming" the government housing loan entities, "Freddie Mac" and "Fannie Mae", could lead to a repeat the mortgage bubble.

I think we should ban mortgage-backed securities and require each mortgage to remain in the hands of one sole bank — so that bank can give the homeowner an adjustment when it's called for.