Wednesday, September 10, 2008

Freddie, Fannie, and Philanthropy -

From the Chronicle of Philanthropy

Freddie, Fannie, and Philanthropy - "Freddie, Fannie, and Philanthropy

The federal government’s takeover of mortgage giants Freddie Mac and Fannie Mae has been viewed largely as a business and government story.

But some observers say the failure of these two institutions also raises major questions for those who care about philanthropy.

The central question, reports the Wall Street Journal, is whether Freddie Mac and Fannie Mae put profit ahead of their stated social mandate of helping low-income homeowners."

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