Catch of the Day

Matt Yglesias nails the GOP position on Fannie and Freddie:

In other words, the Bachus/Calabria plan is to: a) keep Fannie and Freddie in place as-is indefinitely, b) go fishing for scandals, c) to “bash” the bailout while keeping it going, and d) to chortle to The Washington Times about what a “political no-loser” this is for Republicans. But I suspect the quantity of actual reforming that gets done will be similar to what we saw from GOP-controlled congresses in the 1995-2006 era. 

Sounds about right to me...and, nice catch!