Desperate Freddie Mac Ads
Nearly choked when I saw these on the WSJ because, of course, FRE doesn't need consumers to come knocking on its door. What it does need is to try and make itself seem too important to fail in the public eye, thus these pandering ads.
Nothing in here about enabling that entire housing Ponzi scheme, of course, or about needing to suckle at the taxpayer teat (or at least have guaranteed access to the taxpayer udder) to have any hope of salvaging its equity value. Nothing here about ditching that whole affordable housing mandate, and taking care of McMansions for the rich and pseudo-rich.
If only our lawmakers had the guts to make plans take Freddie (and Fannie) out and administer two in the hat, we'd be on our way to real capitalism and a saner mortgage market.