Freddie Mac

The Macs Attack
March 20, 2008

Throughout the week, Clay Risen, the managing editor of Democracy, will be covering economic developments for us on The Plank.  The good news is that Washington, or at least Congress and the Office of Federal Housing Enterprise Oversight, have taken two big steps in recent weeks to move the government into a better position to buck up the housing market. First, Capitol Hill raised the cap on mortgages that Freddie Mac and Fannie Mae can purchase.