Say Goodbye to Fannie and Freddie? Not Quite

" The move to do away with the quasi-public institutions has been gathering momentum for some time with proposals circulating to either turn them into full-fledged government agencies or to privatize them. President Obama is expected to propose a plan for how and when the GSEs will emerge from conservatorship as soon as next month as part of the fiscal 2011 budget process. But the S&P report predicts that any major overhaul of the mortgage giants is a long way off."