Does  anyone in Washington know what they're doing?  I have a terrible feeling that they do. They're bailing out irresponsible financial institutions and people who have hocked their homes to pay off wanton credit card bills. The losses on Fannie Mae and Freddie Mac's $5 trillion loan portfolios are mostly high risk mortgages and congress says $25 billion will fix the problem.

$5 trillion in High-risk mortgages and only $25 billion to save the system? Citigroup alone wrote down $18 billion in just one quarter. Do you think the banks that sell mortgages to Fan and Fred might cherry pick a little bit? You know...keep solid loans for themselves. Republicans and Democrats alike are conspiring with the financial  industry and the news media to sell the idea.

Even this old carpet cleaner who doesn't comprehend billions and trillions can see the percentage is way out of balance. I believe losses to taxpayers will be much higher. But the worst part is that some real heavy-duty pigs are lining up at the trough to get even fatter.