The Most Ridiculous Argument for Keeping Fannie and Freddie Yet

"So let's see if we've got this straight. We should keep around two firms whose combined bailout cost will easily dwarf that of all other financial firms combined during the crisis? We should continue to tolerate firms that had come under fire for significant accounting manipulation even before the mortgage market collapse drove it out of business? We should just look past these firms' culture of failure, because DC will lose some high-paying jobs if we don't."

The Most Ridiculous Argument for Keeping Fannie and Freddie Yet - Daniel Indiviglio - Business - The Atlantic