Jonetta Rose Barras: Fannie Mae and D.C.

You cheered last week when you heard that President Barack Obama’s administration is analyzing how to reorganize Freddie Mac and Fannie Mae. The housing giants have lost a bunch of money during the recession because of bad mortgages and foreclosures.

Not unlike a large percentage of the American public, the twins are obese. Few complained, however, when they were eating everything in sight and spitting out huge payments to stockholders. The fat and happy crowd disappeared, as the economy took a nose dive and the market plunged. The duo went hat in hand last year to the government. The feds forked over your money to bail them out.