Bethany McClean, a contributing editor at Vanity Fair, recently wrote an opinion piece for The Washington Post. Her contention is, that while “everyone” in Washington thinks that Fannie Mae and Freddie Mac need to go the way of the dinosaurs, the fact is we need them now (and possibly more than ever). It’s a fairly long piece, and does a decent job of covering the current issues (both perceived and actual), as well as why she thinks the institutions are still important. Worth the read.