Don't Hit Taxpayers w/Freddie Mac's Mission Creep

Freddie Mac – a federal government-controlled mortgage lending large – desires to increase its presence within the bond market by beginning to purchase second mortgages. Taxpayers ought to be involved and regulators skeptical. The proposal, which will probably be examined in a pilot program quickly, is greater than the standard Washington energy seize, it is an instance of presidency creating an issue that taxpayers will probably be pressured to pay for.