It's pretty sad that the FED continues to make loan guarantees with taxpayer money. Far worse is the fact they require (taxpayer) money just to stay in business. Clearly these entities are not capable of turning a profit under the guidance of any government agency. Perhaps a better option would be to completely privatize them.
http://www.huffingtonpost.com/2012/03/29/fannie-mae-freddie-mac-should-stricter-regulation-fhfa_n_1387515.html?ref=topbar
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It is nearly amazing how terribly over-regulated America's self-regulating sectors are, while areas such as this, which invite scrutiny, are left to do as they will. At this point dissolving Freddie and Fannie it seems to be the only option left that may get the public out of the way of these fat-cat bus drivers.
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