Glaeser, Edward L; Jaffee, Dwight M - In: The Economists' Voice 3 (2006) 7
Edward Glaeser and Dwight Jaffee argue that Freddie Mac and Fannie Mae are actively pursuing great risk at taxpayer expense and private profit: the cure is a tax on their $1.5 trillion in borrowing that could yield as much as $6 billion a year.