Tearing down the American dream
June-29-20111--When it comes to the American Dream, visions of white picket fences are front and center. But for decades, those fences have been propped up by the government, largely through Fannie Mae and Freddie Mac. And since taking these enterprises over in the wake of the housing crisis, the Federal government is now backing 90 percent of new mortgages.
The US can no longer afford to prop up the middle class.
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