FRE and FNM

MANIFESTO

I know just about nothing about mortgages—other than that I pay one—but on the surface the FNM and FRE buyout looks like another instance where the oligarchs are protecting their fellow plutocrats to the detriment of the hoi polloi.

Anytime the phrases "largest bailout in history" and "stockholders will lose everything" are used in the same episode, I'm instantly suspicious.