Don't Hit Taxpayers w/Freddie Mac's Mission Creep

Freddie Mac - a federal government-controlled mortgage lending giant - wants to expand its presence in the bond market by starting to buy second mortgages. Taxpayers should be concerned and regulators skeptical. The proposal, which will be tested in a pilot program soon, is more than the usual Washington power grab, it's an example of government creating a problem that taxpayers will be forced to pay for.