Freddie, Fannie and Uncle Sam

I’m not sure I like the idea of the government taking over Freddie Mac and Fannie Mae. I’m hearing that it is already a positive move and prices or rates have begun to take a turn. What concerns me is finding out that both businesses are responsible for more than 50% of US mortgages (I need to research more) and more than intimate with our financial system. Now the government owns that. On one hand its positive because no one place should have so much control in this interesting capitalist society. On the other hand its interesting that government can decide to step in and take over. I’m sure this would not happen to Google, Microsoft, AT & T or Verizon since it is private business, but think about it. I will.


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