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The Editors

How About Leaving Fannie Mae and Freddie Mac Alone?

It might be the best way to get the government out of the mortgage market.

What’s wrong?

What’s wrong?

Photographer: Andrew Harrer/Bloomberg

People in Congress and the Trump administration keep repeating — lately with added emphasis — that something must be done about Fannie Mae and Freddie Mac, the giant mortgage banks that have been wards of the state ever since their failure in the 2008 financial crisis. 

Actually, given the options under consideration, the best approach might be to do nothing at all.