Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.
A fresh U.S. mortgage bailout raises a timely red flag. Although Fannie Mae and Freddie Mac are on the mend, the Federal Housing Administration probably will need extra support from the Treasury, according to a Reuters report. A new injection of government capital into an agency that backstops home loans would coincide with the re-emergence of private guarantors of such debt. It’s a helpful reminder to remember past mistakes.