Local effect of mega-mortgage takeover uncertain

Published



Local opinion was split Monday on the effect of the government’s weekend takeover of Freddie Mac and Fannie Mae, with some expressing optimism and others calling it “a dark day for capitalism.”

Experts said it’s too soon to tell whether the move, which includes federal operation of the two mortgage giants and the government’s purchase of mortgage-backed securities, will help.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.