2013-04-03bloomberg.com

``From the beginning, discussions of what to do with Fannie and Freddie have focused on getting the government out of the business of unlimited guarantees. A Treasury report on reforming the housing market two years ago outlined the problems with the agencies succinctly, noting their "profit-maximizing structure undermined their public mission." Telling the agencies to do anything they could to make a profit, while also asking them to avoid irresponsible risks, plainly didn't work.''



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