This is the issue the dems are putting their hopes on for Nov. Either the repubs go along with it and socialism is official as the economic system of the US or they fight it and are accused of being on the side of Wall Street. Either way, the dems win.
This strategy is made possible by the fact that the Republicans have not stood up and made Barney Frank and Chris Dodd own up to their responsibility for making the real estate collapse happen. Congress is the only outfit that can totally screw up a nation and point the finger at others and get away with it. The only choice the Republicans have now is to fight to expose this for what it is, total government control over private business and the end of the American dream. Only about 10% of the people understand the dems role in this and educating them now is going to be difficult.
Not so sure about that.
Let them air the discussion. I've already heard Fannie and Freddie brought up a few times in the context of this bill.
Obstruct the bill, then let the internet take over in the next 5 months or so educating the grassroots, and then down the food chain to the public, about what really happened in the financial collapse.