Fannie Motors

By John Berlau [1]

February 22, 2013

Originally published in The Washington Free Beacon [2]

“It’s becoming Fannie Motors,” said Competitive Enterprise Institute finance scholar John Berlau, referring to the government-backed housing lender Fannie Mae. “They’re still using our tax dollars to break into exotic and money-losing propositions from Chevy Volts to subprime loans, both of which could literally and figuratively blow up in their faces.”