A punt on Fannie and Freddie
When policymakers decry fat paychecks at Fannie and Freddie, they’re missing the real scandal. Congress has punted on an invitation to shut the mortgage companies down. Lawmakers are now using the firms like a piggy bank. Fannie and Freddie shouldn’t be in any position to pay seven-figure salaries to anybody, because Fannie and Freddie aren’t even supposed to be in business anymore.