Mortgaged to the World

``We should all hope that Fannie Mae and Freddie Mac escape this jam on their own. Should they falter, however, it’s only sensible for the Treasury and Congress to have a plan to step in. But the bailout bill that President Bush is expected to sign this week will give Secretary Paulson untested and unconstitutional powers. Why take that leap when there are proved alternatives like the Exchange Stabilization Fund?''