David Reese

David Reese, a clinical professor of law at Cornell Law School specializing in housing finance, dives deep into the controversial plans to privatize Fannie Mae and Freddie Mac. He discusses the implications of shifting these giants from government control, especially in light of their past roles during the financial crisis. The potential impact on mortgage rates and housing costs is explored, with critiques from figures like Senator Elizabeth Warren. Reese clarifies the complexities and risks involved, setting the stage for a heated debate on the future of housing finance.