As Gretchen Morgenson points out, Fannie Mae and Freddie Mac are still bleeding money, and the federal subsidies they continue to seek and get constitute an ongoing back-door bailout of the banks who wrote subprime dreck in the first place.
Of course, it is primarily for that reason that they're not likely to come under review for possible further regulation.
And, the GOP? In the Senate, it's just looking for a talking point of leverage, that's all, combined with its ongoing BS about how Fannie and Freddie overextended themselves to minorities in the first place.
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