Fannie, Freddie need a permanent fix

2013-05-02 — washingtonpost.com

``In naming Mr. Watt, President Obama chose not a technocrat but rather a politician sure to stir Senate Republican opposition. Mr. Watt was the favorite of congressional Democrats and liberal housing policy advocates whose top priority for Fannie and Freddie is not long-term but short-term: to underwrite more aggressive loan modifications, including principal reductions, for distressed homeowners. ''

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