Earlier this year, leading House Republicans proposed to privatize mortgage giants Fannie Mae and Freddie Mac or place them in receivership starting in two years.

Now, as Republicans prepare to assume control of the House next week, they aren't in as big a rush, cautioning that withdrawing government support in the housing market should be gradual.

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That's too bad. But it was obviously an error for them to have an economic policy of any kind. That sort of thing, "issue positions," just opens you up to blame for the economy. Best to not do anything ever. [WSJ]