A potential upcoming bailout of the government sponsored loan corporations Fannie Mae and Freddie Mac could cost taxpayers $1 trillion. Of course, the idiotic "financial reform package" which recently passed through committee manages to completely exempt Fannie and Freddie from any additional oversight. This despite the fact that Fannie and Freddie were the main source of the housing bubble and its subsequent collapse. Is it any coincidence that the corrupt Senator Christopher Dodd (D. Conn) and the architect of the mortgage without so much as identification, Representative Barney Frank (D. Mass), were the authors of the financial reform package?
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