Hi, this is conservative candor and I'm Dr. Carl Mumpower...

The American tax payer is continuing its expensive love affair with government backed mortgage lenders Fannie Mae and Freddie Mac.  Fannie lost another 13 billion in the first quarter of this year and needs an infusion on top of the 76 billion already invested in this romance.  Freddie only cost us 50 billion in bailouts, but needs another 10 to fund of increased delinquencies.  You may have noticed that Washington's vanity kings are busy turning up the regulatory heat on the nation's financial institutions.  Though this exercise has the credibility of crooked Chicago cops busting an occasional speakeasy, Freddie and Fannie are curiously being left out of the conversation.  When you're having an affair with your secretary, it's not a good idea to take disciplinary action against her.  One such boss is Christopher Dodd, Chairman of the Senate Banking Committee - Fannie and Freddie's largest beneficiary.  Yes, that's correct; little Fannie and Freddie are contributing to the same politicians that supervise their activities.  It's called incest on the streets of common sense - business as usual on the streets of Washington...

I'm Dr. Carl Mumpower and you just spent a minute with a candid conservative...

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