{"id":214491,"date":"2010-01-22T11:49:00","date_gmt":"2010-01-22T16:49:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/barney-frank-is-ready-to-abolish-fannie-and-freddie-once-and-for-all-2010-1"},"modified":"2010-01-22T11:49:00","modified_gmt":"2010-01-22T16:49:00","slug":"oh-look-now-barney-frank-is-ready-to-abolish-fannie-and-freddie-once-and-for-all","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/214491","title":{"rendered":"Oh Look, Now Barney Frank Is Ready To Abolish Fannie And Freddie Once And For All"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/a537544bd6179f49ca68e100\/barneyfrank-tbi.jpg\" border=\"0\" alt=\"barneyfrank tbi\" \/><\/p>\n<p>Barney Frank, champion of financial regulation and former proponent of GSEs, is now recommending that Fannie Mae and Freddie Mac be abolished.<\/p>\n<p>Quite a turnaround, no?<\/p>\n<p>Well, actually maybe not.<\/p>\n<p>He just wants them abolished in their current form, according to <a href=\"http:\/\/www.nasdaq.com\/aspx\/stock-market-news-story.aspx?storyid=201001221131dowjonesdjonline000519&amp;title=us-rep-frankfannie-maefreddie-mac-should-be-eliminated\">Dow Jones<\/a>.<\/p>\n<p>So that would probably mean the abolition of the pointless FNM and FRE penny stocks that continue to trade.<\/p>\n<p>There&#8217;s no indication, however, that he wants to abolish the essence of the GSEs, which is that the government will do whatever it is to support housing.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/barney-frank-is-ready-to-abolish-fannie-and-freddie-once-and-for-all-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/how-the-government-caused-the-mortgage-crisis-2009-10\">How The Government Caused The Mortgage Crisis<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/john-carney-fannie-and-freddie-scheme-to-help-independent-mortgage-lenders-grow-2009-10\">Fannie And Freddie Scheme To Help Independent Mortgage Lenders Grow<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/why-ben-bernanke-is-dead-wrong-about-the-housing-bubble-and-how-to-avoid-a-future-crisis-2010-1\">Ben Bernanke&#8217;s Huge Mistake About The Crisis Will Screw Us All<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/7bPEqY5p3-8\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barney Frank, champion of financial regulation and former proponent of GSEs, is now recommending that Fannie Mae and Freddie Mac be abolished. Quite a turnaround, no? Well, actually maybe not. He just wants them abolished in their current form, according to Dow Jones. So that would probably mean the abolition of the pointless FNM and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-214491","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/214491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=214491"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/214491\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=214491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=214491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=214491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}