House of Cards: Reforming America's Housing Finance System by Dwight M. Jaffee, Michael Lea, Lawrence J. White, Satya Thallam, Anthony B. Sanders, Arnold S. Kling, Peter J. Wallison, Edward L. Glaeser

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Fannie Mae and Freddie Mac—privately managed, profit-seeking government-sponsored enterprises (GSEs)—played a crucial role in inflating America’s housing bubble. Now that the bubble has burst and the GSEs’ mistakes have resulted in huge taxpayer l...

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