> Fannie and Freddie have always been quasi-government organizations running with government contracts/charters. Yet, as late as early 2008, suggesting that th

> Fannie and Freddie have always been quasi-government organizations running with government contracts/charters. Yet, as late as early 2008, suggesting that there was actually a federal guarantee or that Fannie and Freddie should be under significant govt oversight was a sure way to get attacked politically. (McCain got absolutely hammered when he tried in a couple of years earlier.) Fannie and Freddie execs were prominent in Obama's campaign and some of them landed prominent jobs in the administration.