As we can see here. James B. Lockhart III, vice chairman of WL Ross & Co. and the former director of the Federal Housing Finance Agency, talks with Bloomberg’s Carol Massar about the outlook for the U.S. housing market. Lockhart also discusses the outlook for the commercial real estate market and the future of Fannie Mae and Freddie Mac. The quote that makes the most sense to me:
Q. What to do about Fannie Mae and Freddy Mac.
A. The worst thing we could do would be to nationalize them. There’s too much government involvement there already.
D’ya think?
