The Obama administration released its housing "white paper," which advocates big changes in the U.S. mortgage markets. One change: wind down the role of Fannie Mae and Freddie Mac.
"After the revelations of the last couple of years, it appears that Fannie and Freddie were nothing more that a giant slush fund for the political party in power. Getting rid of it sound like a good move. But after the smoke clears, I think all will be the same people, same polices, same buildings, same, same, same -- oh, a NEW SIGN, and that will be all that's new."