You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe



The Fannie and Freddie gravy train

Stop me if you’ve heard this one before: “Two senators with a plan walk into a room . . .” Actually, there’s no punch line. Because it was no joke when Republican Senator Bob Corker and his Democratic colleague Mark Warner announced their proposal to reform Fannie Mae and Freddie Mac last month. They even captured the interest of cable news for a few minutes, before the networks quickly returned to courtroom dramas and Edward Snowden’s travel plans.

The unusual twist, however, is that the plan is bipartisan, substantive, and bold — three words not often found together in today’s Washington. That doesn’t make it perfect. But as in the old joke about “1,000 lawyers at the bottom of the ocean,” it is a good start.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week