On Fannie Mae & Freddie Mac

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Given how lousy, depressed and out-and-out terrifying the housing market is, there’s a substantial amount of guilt attached to how much fun it was to do this piece for the Sunday New York Times. The article, in essence, suggests that the recently approved housing bill (designed to bail out Fannie Mae and Freddie Mac) is a wretched piece of legislation, but still necessary; Necessary insomuch as that it should be a precursor to ultimately liquidating the two mortgage giants over the long term and letting multiple smaller savings and loan businesses absorb their work.

This illustration was originally spec’d at 6.5″ x 8″ but was clearly, um, augmented. Big ups to Kim Bost at the Times for wrangling the crazy idea of re-working it to wind through the article itself. That’s thinking on your feet.

Included below are two other ideas I submitted before a direction was chosen.

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