More than two years after the government seized Fannie Mae and Freddie Mac, the Obama administration will recommend phasing out the housing-finance giants. Finally something we can all agree on.
Fannie was born during the FDR New Deal; Freddie given birth by Johnson to hide his massive debt from the Vietnam War.
The Clinton Administration put subprime underwriting into Fannie and Freddie, condemning the future to full financial ruin.
For years the Democrats have abused the taxpayers feeding these two errant money pits, ultimately destroying the entire housing market in 2007, and the economy.
They will not be missed.
