[Clintonfatigued]

If they’re too big to fail, can they be broken up into regional agencies?

[Envisioning]

In a new report delivered to the House Budget Committee, the Congressional Budget Office puts the bailout figure at $317 billion — not the $130 billion claimed by the Obama administration, which has vowed to "reform" Fannie and Freddie.

Nothing will stir the American people to "real" action, NOTHING! And this along with a million other things should.

[Bean Counter]

What’s particularly scary is all of the discussion about massive cuts in the defense budget, well in excess of a mere $300 Billion, while we continue to flush money down a massive Federal black hole.

If you want to save money on Fannie and Freddie, then abolish Fannie and Freddie and let the cards fall where they may. Both of these quasi-agencies have been about little more than wealth redistribution and in many States, Reparations via mortgage fraud.

Time to cut our losses.

[muleskinner]

Fannie Mae was taken over by a man most have never heard of, James Johnson, who revamped it in his own image. It is the genesis of the home/bank melt down. Fannie Mae began it's self transformation in the early 90's, and was given it's destructive charter during the Clinton years. The other lending institutions took their Que from Fannie Mae.

I'm reading "Reckless Endangerment" by Gretchen Morgenson.

She names names. I would say it's a must read.