Los Angeles Business Journal

How to Shut Down Fannie and Freddie

Monday, September 9, 2013

Crushed under the weight of thousands of defaulted mortgages and bleeding cash, Fannie Mae and Freddie Mac were put into government conservatorship five years ago. Now they are making billions of dollars in profit that goes straight to the U.S. Treasury -- just as lawmakers are setting to shut them down, CNBC reports.