Fannie and Freddie

Steve Forbes, in his latest column in Forbes magazine, suggests breaking up these two failures into 10-12 smaller, and private, companies. I'm not real wild about bailing them out to the tune of, says Steve, $300 billion or so. But he thinks the taxpayers could get their money back. What I would add to his plan would be to divide the country into 4 regions and put 3 of the new companies into each region so they have some competition.