Fannie and Freddie down and out

And so ends one of the most screwed up attempt at a quasi-private government company. Fannie and Freddie never should have existed in the first place, directly lead to the financial crises of the last 18 months and the practice of over-lending to under-qualified borrowers. They are going to be taken private, by the worlds largest buyout fund, and then will be run with all the efficiency and effectiveness of a government agency.....

.....cause he had high hopes, he had high hopes He had high apple pie, in the sky hopes.....