republicans in a pickle over fannie/freddie

the whores in congress will do what the banks tell them to do. the campaign rhetoric was just hot air. same as it ever was

“This is going to be fun to watch. Conservatives’ entire argument for the financial crisis is that Fannie and Freddie lent to poor people and bankrupted the economy. That’s a completely ridiculous scenario. But the logical result of that theory is to pull up the guarantee and privatize Fannie and Freddie, something their well-heeled allies in the housing industry manifestly don’t want.”

read more here:

http://news.firedoglake.com/2011/01/25/republicans-feel-heat-on-fannie-and-freddie-from-mortgage-industry/

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