Video: How Mortgage Giant Fannie Mae Primed the Bubble, Covered Its Assets

Let's just keep in mind that Democrats invented Freddie Mac and Fannie Mae and used these so-called Government-Sponsored Enterprises (GSEs) to conduct their social engineering experiments with predictable results, in this case causing a housing bubble by creating a huge but artificial demand by giving loans to people that had no chance of paying them back, thus driving up house prices and encouraging people to use them as ATMs until the entire house of cards came tumbling down leading us into the biggest recession since the Great Depression:

Thank the Democratic Party in 2012 by voting them back into the real world and the unemployment lines that they created. In the financial reform boondoggle, Democrats didn't touch either Fannie or Freddie, both Democrat inventions that led to the mortgage meltdown. In that regard, a relevant flashback: Video: CNBC’s Rick Santelli Rips Democrat For Ignoring Fannie/Freddie Reform

It’s too complicated? You think taxpayers that go to work to pay the money you are subsidizing, it will end up a half a trillion, do you think they think complicated is an excuse?