"More "good" things out of Washington" ?????

In a Congressional Report this week, actually today, we get a glimpse about how well the new, improved, taxpayer bailed out Fannie Mae is performing.

“Performance on the February through April offerings shows a redefault [or recidivism] rate of almost 70%, which calls into question the program’s assumptions that borrowers have the capacity to make payments going forward.”

http://www.housingwire.com/2009/05/2...70-recidivism/

Soooo.....does that mean our taxpayer bailout dollars just went down the tube.....AGAIN? Do you think they will be coming back for more? Where are you Barney?

Obama did get wid of those pesky lobbyist wascals though.....wight? Hoooway...Hoooway.