by James Gattuso
The Heritage Foundation
May 21, 2014
The pending shareholder litigation against the federal government regarding its nearly six-year-long conservatorship of Fannie Mae and Freddie Mac must be taken seriously. Most troubling is the allegation that the federal government violated the constitutionally protected property rights of the two corporations’ stockholders. Protecting property rights, however, does not mean that taxpayers and consumers must continue to be put at risk by these government-sponsored housing giants. The ongoing lawsuits need not impede and should not distract Congress from the critical task of dissolving these economically dangerous institutions.

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