Government Takover of Fannie, Freddie Hasn’t Worked 

It’s a subject we’ve covered with some gusto in recent weeks here at HW — due in no small part to my own personal loss on Freddie Mac’s common stock — but it’s clear that the government’s rationale for taking over both GSEs has been anything but successful so far. This morning’s WaPo takes a good look at some of the same issues we’ve already covered, but are worth hammering home again: