“Hmmmm.....since Fannie and Freddie have no funds to actually use to do this, it’s going to add to the deficit, big time.
Doesn’t something like this need to go through Congress?”
Apparently not:
Hmmm.....seems like Freddie and Fannie are part of the budget process, since the gov owns them. Therefore, if they spend say $200 billion on bailouts that amount needs to be incorporated within the budget and approved by Congress.
Something is really screwed up here - seems like Obama is pulling out all the stops to discover ways to eliminate Congress from the process - sort of like a King.