Socialize housing finance! [by Michael Pollak]

This lbo-news guest post is written by Michael Pollak, a writer living in New York. Some kinds of socialism make simple financial sense. We start with something we all need, like housing, or health care, or old age pensions. Then we all pool our money and pay for it. We all know how this works for single-payer health insurance. How would it work for housing? The original Fannie Mae (full name: Federal National Mortgage Association), as set up under FDR in 1938, was a pretty good equivalent of a single-payer housing system…. Read More