A quick bye-bye to Fannie and Freddie? Don’t bank on it. With the sudden gush of congressional proposals designed to kill the two government-sponsored companies as fast as possible -- the most recent floated at the end of last week by a key committee leader in the House -- you’d think Fannie’s and Freddie’s days are numbered. In the long run they probably are, but a close look at legislative plans such as the “PATH Act” (Protecting American Taxpayers and Homeowners Act) offered Friday by House Financial Services Committee Chairman Rep. Jeb Hensarling (R-Texas) tells me that Fannie and Freddie are going to be around for years -- maybe into the next decade, beyond 2020. Depending on how you see their current and past roles supplying the bulk of funds for home mortgages a...
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