Fannie Mae and Freddie Mac. The two largest mortgage holding corporations in America holding over three TRILLION dollars in mortgages are nothing more than crooks. Everyone knows it. So where is the call to arms by the masses and the congress? Where are the senate hearings and investigations by Congress? Why aren't their honchos explaning themselves to the Grand Poobah's on the hill like the oil exec's have had to do? They have helped make a MUCH bigger mess of things than the oil companies have and no one is saying a thing about it.

I am sure there will be the tired "It's all big oil's fault" battle cry from the masses who castigate big oil for making money but are willing to bail out an industry that has crashed due to its own greed. But that really had little to do with the mortgage crisis, but I digress. I guess if you make money you are a bad guy, but if you need money you are a good guy? I don't get it.

I recently read that these institutions were the largest politcal contributors on BOTH sides in Washington over the last few years and I guess nobody wants to bite the hand that was feeding them, but hey, the mouths of these fetid entities have nothing left but rotted nubs and are no longer dangerous,,,so grow a set!

The mortgage meltdown has and will cost Americans MUCH more than oil prices have or will because the idiots in Washington are ready to float a one hundred BILLION dollar bailout to these titans of piss poor management and foresight, and quite possibly even nationalize them, at least in part..Yeah..That's what we need now. The government in the mortgage business. Has anyone seen the budget defecit lately? The government has proven, beyond a shadow of doubt, that it is unable to run itself, I don't want them handling my mortgage.

Well, I say to hell with Fannie and Freddie. Sell the mortgages to the private sector(Fannie and Freddie are already propped up by the Fed as it is)and let the market work the way it was intended. Let the mess sink or swim on its own and let Fannie and Freddie die quiet deaths the way your business or mine would if we managed it so poorly.

Maybe they picked the distraction of the Olympics to finally announce that they would indeed need the governments help to survive. Dropping the news as Nastia and Shawn battled it our for Gold on the beam..Geez! I'm glad I have a DVR!

I really hate to think that so many people are so caught up in TV, gas prices and the campaign to let this slip by. I don't care what your political leaning, this should really piss you off! It's bad enough that Ford and GM are earmarked for bailouts, but at least they are VICTIMS of the economic crisis, Fannie and Freddie are one of the biggest CAUSES of it.