CNBC on-air editor Rick Santelli unleashed on claims that Democrats couldn't reform Fannie Mae and Freddie Mac because it was too complicated. Santelli, you may remember, was probably more famous for suggesting Chicago have a tea party back before the movement got started. It's hard to blame him here. I can't believe a Democrat says Fannie and Freddie are too complicated to reform. Of course, health care, the entire financial system, the insurance industry, banks, financial investment firms, automobile manufacturers and cicrcumvention of the Constitution all seem to have been sufficiently simple Democratic targets. I can't imagine why they wouldn't want to mess with their pet financial twins, Freddie and Fannie.
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