It's amusing (or shocking) to see Barney Frank front and center during this attempt at a deal. The guy has shot down every attempt to fix the problem for over 10 years. He has taken 10's of thousands of dollars in donations from Fannie Mae and was in fact dating a (male) executive there for many years.

Bill Clinton, yesterday on Good Morning America:

I think the responsibility the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.
Love how he throws "or by me" in there. He just threw the Democrats under the bus. Lets see how hard the Obamamedia hits this meme.

And I see a lot of you complaining about "socialism." Unfortunately, the issue is so screwed up, the government has to take action. Now I agree that limits can and should be put on the duration to ensure that we don't end up owning this thing forever, but the Government will likely make a ton of money on this deal, so don't cry too hard.