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Wall Street Journal: The Wrong Remedy for Fannie and Freddie

More than five years after a mortgage mania led to a global financial crisis rivaling the Great Depression, Washington is finally turning to home-loan finance reform. Early in April the Senate Banking Committee will vote on a bill by Chairman Tim Johnson and ranking Republican Mike Crapo that claims to eliminate Fannie Mae FNMA +4.91%  and Freddie Mac, FMCC +4.48%  the government-sponsored enterprises that blurred the lines between public and private companies and were a central weakness of the pre-crisis system.

The Wall Street Journal
– Josh Rosner

http://online.wsj.com/news/articles/SB10001424052702304418404579462962749649106?mod=djkeyword