What's the Legal Basis for the Freddie/Fannie Takeover?
By Bryan Caplan
Could someone who knows the law explain the legal basis for the Treasury’s takeover announcement? The Wall Street Journal simply describes it as a “seizure.” But the last time I checked, the legal procedure for the U.S. government taking stuff was more complicated than just saying, “Now it’s mine.”
What gives? Serious answers only, please. 🙂