Jeffrey Dorfman, a contributor to Forbes magazine, published an opinion piece yesterday afternoon title, “The Sneaky Path We Took To A Socialist Mortgage Market”. His essential premise is that when the Fannie and Freddie bailout occurred under the Bush administration, it was viewed as a first step towards fully privatizing the market; however, under the Obama administration, the conservatorship has been used both to drive social policy, and as a source of revenue for the federal government.
