The saga of Fannie and Freddie

The feds failed to oversee these big lenders previously, when they should have seen the bad lending practices, and now want to bail them out with new rules.  Sounds like the border enforcements laws--more the the same with failure to enforce.

http://www.gopusa.com/commentary/lkudlow/2008/lk_07171.shtml

'Administration pushes for mortgage giant rescue'

http://www.gopusa.com/news/2008/july/0717_mortgage_giant1.shtml