I do not pretend to understand Fannie Mae and Freddie Mac, the government-sponsored enterprises that politicians pushed to make home ownership possible for more people.
I will no longer pretend that understanding is possible.
Consider: Federal policy caused lenders to make irresponsible decisions. Those decisions caused a housing bubble, which led to the financial crisis, which led to the recession that devastated household wealth.
Or something like that.
Anyway, the Bush administration "took over" Fannie and Freddie in 2008 after losses wiped out their reserves.
So whose reserves were called into play? Yours.
The Treasury has injected nearly $188 billion into the companies, taking shares of stock in return. Fanny and Freddie have repaid nearly $46 billion!
But it's been tough, as explained in this cosmic paragraph from the Wall Street Journal:
"Currently, the government-controlled mortgage finance companies make 10 percent dividend payments to the Treasury every quarter, an arrangement that has forced them to borrow money from the government during periods when they don't turn large profits," wrote Nick Timiraos of The Wall Street Journal.
Is it just me? They borrow from the taxpayers when they owe the taxpayers?
The American Civil Liberties Union of West Virginia has threatened the Wood County Board of Education with a lawsuit to force it to stop single-sex classrooms at Van Devender Middle School.
Wood County undertook the experiment to see if single-sex classes would improve students' ability to learn.
The ACLU contends it violates the Equal Protection Clause of the 14th Amendment.
"We believe these classes perpetuate gender stereotypes and hurt boys and girls academically," ACLU staff attorney Sarah Rogers told the Daily Mail.
The school board initially responded to the ACLU by reviewing its program and venturing the opinion that it is in compliance with the law.
The ACLU responded by filing a suit that alleges that in addition to perpetuating gender stereotypes, the boys' classrooms are brighter and the rooms are kept cooler, and that the desks in the girls' rooms are arranged face-to-face and the desks in the boys' rooms are arranged side-by-side.