Another fascinating account of how politics interacts with lobbying. The GSE's are the government-sponsored enterprises set up in the 1930's to help finance home ownership. They failed in the financial crisis and were taken over and recapitalized by the government (given public dollars to cover the losses and keep them going). Now Congress is trying to decide what to do. One one hand, the American Dream is tied up with home ownership. So consumers have a big stake in making sure homeownership is affordable. The banks want fees and profits. And Congress is stymied. Read the article. It is short.
GSE Reform Dead for Now | naked capitalism