Comment on “Are the government-sponsored enterprises (GSEs) justified?”

George von Furstenberg

Housing Policy Debate, 2012, vol. 22, issue 2, 141-147

Abstract: The article here extended reflects on the excessively narrow debate over the government-sponsored enterprises (GSEs)' cost-benefit transfer balance which had been raging for a quarter-century before the 2007--2009 financial crisis. That crisis has cast a new light on the actual costs of GSE operations and exposed the unsustainability of some of their benefits for homeownership. After injecting afew new findings into the traditional debate, this comment adds some of what has transpired in recent years and what may be inferred from it so far. Doing so brings additional analysis to bear on the article's conclusion that “the GSEs might not be justified” and “Maybe it is time for them to exit” although most politicians in the past have been disinclined to show them the door.

Date: 2012
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DOI: 10.1080/10511482.2012.656472

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