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Reply to "Freddie Mac Layoffs Next Week "
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[quote=Anonymous][quote=Anonymous]Freddie is a terrible place to work.[/quote] Fannie Mae and Freddie Mac were supposed to be reformed after the 2008-09 financial crisis. The failure of these government-sponsored enterprises, which funnel money to mortgages, led to the crisis and a taxpayer-funded bailout. In typical Washington fashion, they’re back and bigger than ever. In addition to risking another meltdown, they have crowded out private lenders and stifled innovation that could have improved U.S. mortgage markets. https://www.wsj.com/opinion/fannie-and-freddie-may-foment-another-crisis-mortgage-interest-rate-housing-loan-1e383ea2[/quote]
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