Reason to be worried -- very worried -- about the bailout deal

Here's some testimony from '03 and '04 that relate to the oversight of Fannie Mae and Freddie Mac that should make you cry. But these people are smiling, laughing even, about $700 billion in taxpayer money they'll use for a bailout of the GSEs they failed to control.

Any questions?

Via: Rick at Brutally Honest.