"more government in our lives that Sawz wants"

How did you twist my words into that?

You want government to control your health care and mandate people buy insurance but you accuse me of wanting it.

What was Fannie and Freddie's part in that big rich man ripoff?

At the behest of the Dodds and Franks in the Democrat controlled Congress they bought every shit smeared scrap of paper presented by the banks.

And did they get a bail out? I never hear abut the GSE bail outs from the moral left wingers only the wall street bail outs.

I didn't suck down anything except some hot home made soup and I don't own a peace pipe so I am aware of reality. Reality is tough but you need to try it sometime.

Reality:

The two largest housing GSEs of Fannie Mae and Freddie Mac own and/or securitize upwards of 70% of the residential mortgage loans in the United States.

In 1999, The New York Times reported that with the corporation's move towards the subprime market "Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980s.

In 1995, Freddie Mac began receiving affordable housing credit for buying subprime securities, and by 2004, HUD suggested the company was lagging behind and should "do more."

Senior and Executive Vice Presidents at the two organizations will get retention bonuses, most of which have nothing to do with performance. Fannie Mae executives will receive bonuses between $470,000 and $611,000. Freddie Mac has not yet released the exact amounts, or even a range, for their anticipated bonuses.

The Freddie Mac plan pays bonuses in four installments with only the final payment having anything to do with performance. The government has invested more taxpayer dollars into the two mortgage-backers than it has into AIG. Last year, the two institutions lost about $108 billion.

Unlike AIG, where the CEO has asked bonus recipients to return at least half of their bonuses, there is no such compromise at Fannie Mae. (remember that Fannie Mae and Freddie Mac have made large political contributions in recent years, and even our president was one of the top three benefactors while in the Senate)

The CEO of Fannie Mae, Herb Allison, said in a company-wide email today, that eliminating the bonuses would jeopardize our ability to fulfill the mission the government has given us to address the housing crisis.

My moral compass does not include illegal moonshine and smoking illegal pot.

I don't lecture people on morality while doing illegal things and bragging about it.