Time to shut down the Office of Federal Housing Enterprise Oversight

The Office of Federal Housing Enterprise Oversight proudly proclaims the following on its web site:

Our Mission: To promote housing and a strong national housing finance system by ensuring the safety and soundness of Fannie Mae and Freddie Mac.

Just in case they take it down, here’s a screenshot, taken just a moment ago:

Office of Federal Housing Enterprise Oversight -- their mission

Still not convinced of their mission? From their Supervision & Regulations page: Continue reading