We Can’t Risk Turning Off Housing Finance

Regarding “Winding Down Fannie and Freddie Is Easier Than It Seems” by William M. Isaac and Richard M. Kovacevich (op-ed, Dec. 16): I’m not so certain about that matter in a headline. Recall that when a subprime predicament occurred, a usually investors in mortgage-related investment products that didn’t humour a detriment were those holding government-guaranteed paper. Private insurers unsuccessful all over a nation, creation their guarantees worthless. I’m all for transferring a residential mortgage-guarantee business to a private sector, though not but initial being assured that a subprime unfolding will not be repeated…

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