It is truly amazing what American elites can get away with.  From starting needless wars to crashing the American financial system, they seem completely above the law.  What I find most perplexing about all this is the indifference evinced by most Americans. I feel that I am awake among a nation of sleepwalkers.

As purchasers of junk mortgages, and sponsoring mortgage pools, I guess as the paper they hold is declared to be worthless, these two institutions need this money to replenish their capital to continue to buy mortgages?
 
But for some of the mortgage and mortgage pools they guaranteed, I have a sinking feeling that they are paying off some of the banks and investors who created this junk, and contributed to this disaster—in another time, or another world, Fannie and Freddie would to be suing the bankers who created, sold or rated this worthless paper.

But I guess we should just quietly accept that like any good third world country, our elites are not going to be held accountable for the disasters they have visited upon our country, whether in the form of financial crimes or war crimes. 

Hell, even the pundits who helped lie us into a disastrous war, or at least urged is on with promises of “cake walks”, and who still agitate relentlessly for an attack on Iran, have suffered no consequences for being so disastrously wrong either.