You're right David, the Fannie and Freddie part of the bill is really the most outrageous. Two large banks act irresponsibly giving out foolish loans even in the face of an inevitable bursting bubble in the housing market.

Basically these private banks get to be bailed out on the backs of working Americans and the idiots in the top floor offices get to keep their jobs.

Meanwhile the press ignores the sad state of affairs to report on gossip and sensationalism. I'm living in California (Bay Area) and things are so crazy around here we are seriously considering moving to another State. Problem is we own two properties which thanks to Freddie and Fanny I can't sell.