What Should Replace Fannie and Freddie?

Online registration for this event is closed. Walk-in registrations may be accepted.

Video of this event will be livestreamed online at http://www.american.com/watch/aei-livestream


Republican members of Congress stress that addressing Fannie Mae and Freddie Mac is an essential part of creating a better housing finance market for the future. The Democratic administration is committed to publishing a plan this month. With even Representative Barney Frank (D-MA) saying Fannie and Freddie should be "abolished," everyone agrees that the old government-sponsored enterprise model should be replaced. But with what? Many voices plead for one form or another of continuing government guarantees of mortgage loans. Is this really necessary, and why? A common argument is that only government involvement can preserve the thirty-year fixed-rate mortgage. Is that true? Our expert panel will debate what should be done about Fannie and Freddie and the financially huge, politically charged mortgage finance sector in general.
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About the Author

 

Peter J.
Wallison

 

Alex J.
Pollock
  • Alex J. Pollock is a resident fellow at the American Enterprise Institute (AEI), where he studies and writes about housing finance; government-sponsored enterprises, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks; retirement finance; and banking and central banks. He also works on corporate governance and accounting standards issues.


    Pollock has had a 35-year career in banking and was president and CEO of the Federal Home Loan Bank of Chicago for more than 12 years immediately before joining AEI. A prolific writer, he has written numerous articles on financial systems and is the author of the book “Boom and Bust: Financial Cycles and Human Prosperity” (AEI Press, 2011). He has also created a one-page mortgage form to help borrowers understand their mortgage obligations.


    The lead director of CME Group, Pollock is also a director of the Great Lakes Higher Education Corporation and the chairman of the board of the Great Books Foundation. He is a past president of the International Union for Housing Finance.


    He has an M.P.A. in international relations from Princeton University, an M.A. in philosophy from the University of Chicago, and a B.A. from Williams College.


  • Phone: 202.862.7190
    Email: apollock@aei.org
  • Assistant Info

    Name: Emily Rapp
    Phone: (202) 419-5212
    Email: emily.rapp@aei.org

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