Biz, U.S.: Obama wants to break up the most bankrupt marriage ever
- together Fannie May and Freddie Mac, two government-borne companies designed to help with home ownership and mortgages, were mashed together into government ownership last year (like a bad marriage) as the financial crisis became critical.
- apart? Now, the Obama administration is considering splitting them back up again and restructuring them entirely, adding a third company in the mix to handle toxic debt. Obama economy guy Lawrence Summers has long wanted to do this, by the way. source