“A year after Fannie Mae and Freddie Mac teetered, industry executives and Washington policy makers are worrying that another government mortgage giant could be the next housing domino. Problems at the Federal Housing Administration, which guarantees mortgages with low down payments, are becoming so acute that some experts warn the agency might need a federal bailout.” (New York Times ^[1], Friday)

Somehow the free market will get blamed.

FEE Timely Classic
“Nationalization of the Mortgage Market” ^[2] by Robert P. Murphy