Backing Fannie and Freddie with funny money on November 13, 2017Federal Housing Finance Agency (FHFA) Director Mel Watt recently made an urgent plea for Congress to decide on a long-term strategy for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, now in their 10th year of conservatorship overseen by his agency. Capitol Hill does not seem to share Mr. Watt’s sense of urgency, however. […]