[quote=SK in CV][quote=aldante][quote=SK in CV][quote=aldante]SK,
I notice that you did not address that GSE graph that Markmax asked you about. That seems to take your arguement down like hard.[/quote]
No, not in the least. It’s unlabeled. I don’t even know what it is supposed to represent. If I did, and I knew which argument it’s supposed to take down, I would be glad to address it.[/quote]
Fannie Mae asserts that intense competition forces the housing GSEs to pass through all subsidies. As evidence, it cites its estimate that, as of December 31, 2000, Fannie Mae and Freddie Mac together held only 22.7 percent of the fixed-rate single-family mortgages outstanding in the United States. However, adjusting for other government mortgage guarantees, GSE-guaranteed mortgage-backed securities, and jumbo mortgages, CBO estimates that Fannie Mae and Freddie Mac have at least a 71 percent share of the market. That share is growing, which suggests that they have significant market power.
