I'd like to see US government get out of the ownership and management control of Fannie Mae and Freddie Mac.
Some say that we should take these agencies private, cut them up and sell the parts off. 
[See the January 9, 2009, commentary published in the Orange County Register by Deroy Murdock, syndicated columnist].
What would be the objective of breaking up and selling off these agencies? And will dissecting these large government agencies and selling the parts accomplish the goal?
It looks like selling off of parts of Fannie and Freddie would generate revenue to erase some of the debt in the next US government budget. But how much?
By purchasing shaky mortgages held by people with bad credit, Fannie and Freddie were the engines that powered the housing boom.
That boom has busted.
Owned now by the USA government, Fannie and Freddie are together worth about $5 trillion.
If broken up and sold, would buyer companies then compete with each other in a healthy mortgage market? And help our real estate industry?
President-Elect Obama and his administration should decide whether the US government will stay in ... or get out of controlling the housing market through Fannie and Freddie and the mortgage business.
Harrion K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
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