Fannie Mae and Freddie Mac were and are the children of Barney Frank and Chris Dodd. And a gravy train for Democrat apparatchiks, who gave themselves million dollar bonuses and taxpayer paid vacations in all the world’s exotic places. The principal function of Fannie and Freddie was to provide government backing to mortgages issued to people who could not possibly pay the mortgage, under the guise that by doing so would turn those people into middle class folks and thus solve the problems of the inner city ghettos while ensuring those people remained solid Democrat votes. And when the mortgages did not get paid, and the government backed mortgages defaulted, the financial crisis of 2008 was upon us. To the tune of that old standard Frankie and Johnny, new lyrics.

 

 

Fannie and Freddie were sweethearts

Lordy how they loved cash

Swore to be true to each other

Dems they loved but Republicans trash

Frank was their man, but they done him wrong

Now Frank went down to the corner

To get a bucket of votes

He said to the gay bartender

Man I got em by the throats

They were his friends, but they done him wrong

Well I don’t want to cause you no trouble

Said the barkeep, when shove comes to push

I seen Fan and Freddie bout an hour ago

And they was strollin’ ‘long with Georgie Bush

You were their man, but they be doin’ you wrong

Then Frank went home in a hurry

He didn’t go there for fun

He hurried home to get a hold

Of his boyfriend’s shootin’ gun

He was their man, and they done him wrong

Well that was the end of the story

Fan and Freddie continued Frank’s way

Continued to bust out the country

Giving loans to those who couldn’t pay

He was their man, and he done us wrong