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Republican Bailout Counterproposal? Utterly Idiotic

First of all, the initial cause for all this was Fannie and Freddie writing bad loans at the behest of Congressional leaders. The top five recipients of donations, or would you call them bribes, from Fannie and Freddie were all Democrats: Dodd, Kerry, Obama, H. Clinton, and Kanjorski. Franklin Raines, former Clinton budget director, ran Fannie from '91-'96 and again from '99-'04. I don't think you could call Mr. Raines a Republican. But you COULD call him a crook. Mr. Raines left Fannie Mae in '04 in the midst of an investigation by the SEC and The Office of Federal Housing Enterprise Oversight for extreme accounting irregularities. His salary for almost ruining the American economy was an estimated $90 million dollars. How about Jamie Gorelick? As a democrat and Vice Chairman of Fannie Mae from '97-'03, she helped Mr. Raines manipulate their accounting practices to the tune of $9 BILLION in unreported losses. In '05 she said: "We believe we are managed safely. We are very pleased that Moody's gave us an A-minus in the area of bank financial strength -- without a reference to the government in any way. Fannie Mae is among the handful of top-quality institutions." What an idiot. With democrats like these "on your side," who needs enemies?