Still Propping Fannie and Freddie

The White House is currently looking at how to inch its way out of backing mortgages… this time by tacking fees onto lender activities, according to the Wall Street Journal.

Despite the call for new charges the government guarantees — and resulting moral hazard — remain, and the latest strategy twist isn’t likely to change much.

You can check out the cartoon below, which came to our attention via The Daily Bail’s post on how the White House leaks on Fannie and Freddie restructuring.