Downgrading Fannie and Freddie now. No shit. We've already thrown over 100 billion at those losers and Fannie asked for another 6 billion last week.
Every time I think of this black hole, I think of that little prick Barney Frank encouraging these two outfits to buy every worthless loan document from any one who could find a pen. A whole corrupt mortgage industry dumped their shittiest loans on Fannie and Freddie.
Massachusetts voters re-electing this pompous little piece of shit should be ashamed. There is not one single man in America that has hurt us more financially than Frank. How he still has a job completely blows my mind. Completely. http://money.cnn.com/2011/08/08/news/economy/sp_rating_ripple_effect/index.htm
Here's Frank blaming Bush and lying- telling everyone he was pushing for "rental property."