Economics
Too Big to Fix: No One Can Figure Out What to Do With Fannie and Freddie
- Latest talks on resolving companies are stuck on old problems
- Mnuchin pushed solution to 2019; some think it’ll take longer
Photographer: Chris Rank/Bloomberg
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Will anyone ever fix Fannie Mae and Freddie Mac?
When the two mortgage giants were taken under federal control a decade ago -- the same year Donald Trump kicked off the first season of Celebrity Apprentice -- regulators saw the move as a short timeout.