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privatized Fannie MaePBS
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67% Informative
Republicans want to privatize Fannie Mae and Freddie Mac , which have been under government control since the Great Recession .
Democrats and some economists warn that, especially in this time of high mortgage rates, doing so will make buying a home even more expensive.
The two firms guarantee roughly half of the $12 trillion U.S. home loan market.
Republicans and many are loathe to reinstitute such a guarantee, arguing the government should not be spending billions of dollars in taxpayer money to save mismanaged companies.
Without that guarantee, there’s an “enormous risk that the market will not accept Fannie and Freddie”s privatization, Parrott said.
Other huge firms the government bailed out during the 2008 recession, including Citibank , AIG and General Motors , remain public companies.
VR Score
75
Informative language
76
Neutral language
62
Article tone
semi-formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links