Or "Will they never learn?" http://www.washingtonpost.com/wp-dyn/content/article/2009/01/07/AR2009010701837.html?hpid=topnews Paulson Urges New Structure For Fannie And Freddie Nation Should Back Mortgage 'Utilities' Treasury Secretary Henry Paulson said the government must use Fannie and Freddie to bring down mortgage rates. (By Haraz N. Ghanbari -- Associated Press) <table style="float: right; clear: both;" id="content_column_table" width="238" cellpadding="0" cellspacing="0"> <tbody><tr><td width="10"> </td><td width="228"> </td></tr></tbody></table> By Zachary A. Goldfarb Washington Post Staff Writer Thursday, January 8, 2009; Page D01 In his final speech scheduled as Over the long term, Paulson called for a reworking of Fannie and Freddie. He proposed replacing them with housing utilities -- private entities funded by investors that would purchase and bundle mortgages that, in exchange for a fee, would carry U.S. backing should they default. The bundles, known as mortgage-backed securities, would be sold to investors around the world.