Honest politicians have been railing against these pseudo corporations for years but nothing ever comes of it because the ones assuming the risk(taxpayers) don’t even know or understand the whole scheme.

These entities have been a plaything and a bank account for democrats for years. A bunch of Bill Clinton people were set up there and and pilfered millions through “creative” accounting and Obama’s new chief of staff worked for Freddie. Prominent Democrat backers have also been convicted for abuses. It has been a social engineering and affirmative action test bed for years and now that the scandals have destroyed our housing prices and crushed the artificial bubble that all the easy money created, we somehow find a way to blame our economic woes on everybody but those that are truly responsible, like Barney Frank, Bill Clinton, and Franklin Raines, and the democrats who received enormous amounts of campaign contributions to keep the gravy train rolling like Chris Dodd, Barrack Obama, and all their Cronies who have enriched themselves at our expense, from their Freddie and Fannie buddies. (if you don’t believe me just google search it)

We can all look forward to continued bailouts and continued corruption now that Freddie and Fannie’s favorite son is our president. No expense will be spared to save this Democrat cash cow.