A Dem blasts his own party.

[anthony.]

I've said it before and I'll say it again: you are deluding yourself if you believe any meaningful distinction between the two parties exists. They blow the way the moneyed lobbyists tell them to blow.

"Tax and spend Democrats"? As opposed to the "reduce taxes, but still spend like drunken sailors" Republicans?

It's called the Left-Right Paradigm

[joshh]

fixed that for ya. Fannie and Freddy made up a small fraction of the loans out there. It was the private sector that really took the whole thing down.

Only if you want to ignore the fact that Fannie and Freddie specialized in giving loans to people they knew couldn't pay them back. And now we're bailing them out.
It was both of them. But we can thank the Government for involving themselves in trying to give more and more people who couldn't afford a home to go out and get a home.

And people wonder why the banks are telling the Government to go fuck themselves now.

Fannie and Freddie finance about 40 percent of all U.S. mortgages, with $5.3 trillion in outstanding debt. Owned by private shareholders but chartered by Congress, they are exempt from state and local taxes and receive an estimated $6.5 billion-a-year federal subsidy because they can borrow money more cheaply than other investors. In return, they are expected to serve "public purposes," including helping to make home buying more affordable.

http://www.washingtonpost.com/wp-dyn/content/article/2008/06/09/AR2008060902626.html