Too expensive for the taxpayers? How can anyone disagree with that? If it wasn’t obvious on Friday that they are too expensive for the taxpayers, it should be today.
Insert "well, duh!" here. And you had to be an utterly clueless leftie to think that Fannie and Freddie were actually "private" corporations. There was no way that the federal government was going to allow them to fail, even if this meant billions of dollars in a taxpayer bailout (which is now upon us).
It's not just today's bailout. The federal government had to revamp FHA to acquire the failed loans Fannie/Freddie wrote.