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Open Market: Johnson-Crapo Is Phony Fannie-Freddie Reform

Ever since the phrase appeared in Shakespeare’s Romeo and Juliet, “A rose by any other name would smell as sweet,” and its variations, have become familiar expressions. A corollary is that garbage by any other name would stink just as badly, if not worse.

The latter phrase seems applicable to the “reform” of the government-sponsored housing enterprises Fannie Mae and Freddie Mac just introduced by Senate Banking Committee Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho). The media often describe this plan as “ending” Fannie and Freddie.

Open Market
– John Berlau

http://www.openmarket.org/2014/03/20/johnson-crapo-is-phony-fannie-freddie-reform/