@inbook{10.7864/j.ctt1261bs.8,
 URL = {http://www.jstor.org/stable/10.7864/j.ctt1261bs.8},
 abstract = {In the wake of the financial crisis of 2008, the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have become insolvent corporations operating under the control of the federal government, yet still mainstays of the U.S. housing finance system. There is general agreement in Congress, ranging from Jeb Hensarling on the right to Barney Frank on the left,¹ that Fannie and Freddie should be eliminated. There is much less agreement on what should replace them or indeed whether they should be replaced at all. This chapter argues that Fannie and Freddie should be eliminated and not replaced because the U.S.},
 author = {PETER J. WALLISON},
 booktitle = {The Future of Housing Finance: Restructuring the U.S. Residential Mortgage Market},
 pages = {92--110},
 publisher = {Brookings Institution Press},
 title = {Eliminating the GSEs as Part of Comprehensive Housing Finance Reform},
 year = {2011}
}