Will Fannie and Freddie Get a Free Ride After The Election?

The Wall Street Journal reports on what happens if the Republicans lose the House:

Over at Financial Services, the ascension of Barney Frank (1980) would mean a reprieve for Fannie Mae and Freddie Mac, despite $16 billion in accounting scandals. His main reform priority has been to carve out a new affordable housing fund from the two companies' profits. And forget about any major review of Sarbanes-Oxley.

Heh.