Fannie and Freddie
sastyk | August 23, 2010A number of people, including Ilargi and Stoneleigh at _The Automatic Earth_ have long pointed out that the interventions that the government has made in the housing market hasn't served the people. They observe, for example, that by propping up house prices artificially they've benefitted more affluent, generally older homeowners, at the expense of younger, poorer people, renters and those who would like to get into the housing market but can't afford its (still) inflated prices. The problem with this, besides the generational and class screwage is that these strategies don't serve even…