http://www.reuters.com/article/2011/11/16/us-usa-housing-idUSTRE7AE1NB20111116

According to Reuters:  "The top executives for Fannie Mae and Freddie Mac defended their companies' pay practices, which have drawn scrutiny after it was disclosed the government-controlled firms were paying out nearly $13 million in executive bonuses."  Progressive democrats love creating government-run, ticking time bombs.  Fannie Mae and Freddie Mac spent $200,000,000.00 to buy political influence.  Franklin Delano Roosevelt, who possessed a border-line idiotic level of understanding of capitalism, CREATED THIS MESS.  Franklin Delano Roosevelt created Fannie Mae in 1938 as part of his New Deal.  Today, Fannie Mae is a bankrupt failure.  This is a proven fact.  Freddie Mac is bankrupt.  Fannie Mae is a bankrupt failure like the other progressive ticking time bombs run by the federal government.  Fannie Mae and Freddie Mac are massive CORPORATE WELFARE and political corruption investigations waiting to happen.  Fannie and Freddie were run by Democrat Party elites from the beginning in 1938.  The dual collapse (Fannie/Freddie) is a 1000 times bigger than the Enron scandal; a 1000 times bigger than the WorldCom scandal and a 1000 times bigger than the Tyco scandal.  The CEOs of Enron, WorldCom and Tyco were sentenced to life in prison.  BTW - Ken Lay died of a heart attack on his way to prison.  Where are all these Democrats going to be making their 'perp walks' because the American people want to watch?  Where are all these progressives who still think Roosevelt's policies were smart going to be imprisoned?  As the systemic injustice of these progressive ponzi schemes are exposed to the American people, the American people are learning powerful lessons.  Average Americans are learning the huge economic differences between corporate democrats (Bill Clinton) and progressive democrats (Barack Obama) -- Progressivism is economically toxic.  Progressivism is economically toxic because all progressives love to intervene.  What one person receives without working for another person must work for without receiving.  No one likes these totalitarian progressives who intervene. Progressives intervene in everything!  Progressives just love spending tax money taken from you, and calling it "humanitarian" (Fannie Mae) or "compassion" (Freddie Mac).    

http://news.yahoo.com/s/politico/20080716/pl_politico/11781;_ylt=Aqra8AQGuKZ7chQBIo7D5e2s0NUE

Observer Insight:
Franklin Delano Roosevelt, who possessed a border-line idiotic level of understanding of free market capitalism,created an endless number of goofy, socialized, government-run federal programs which have all been ticking time bombs and all have failed just like Fannie Mae.
 
http://hnn.us/articles/1849.html