What to do with Fannie & Freddy?

The fate of Fannie Mae (est. 1938) and Freddy Mac (est. 1970), both of whom support the mortgage markets by purchasing, securitizing, and reselling home morgages from mortgage originators, is unclear at best.  Established to facilitate home ownership, this Bloomberg article tells us their effectiveness at that role, and their financial viability, is in serious question. - David