Bethany McClean, a contributing editor at Vanity Fair, recently wrote an opinion piece for The Washington Post. Her contention is, that while “everyone” in Washington thinks the taxpayer-backed mortgage giants need to go the way of the dinosaurs, the fact is we need them now (and possibly more than ever). It’s a fairly long piece, and does a decent job of covering the current issues (both perceived and actual), as well as why she thinks the institutions are still important. Worth the read.
