Fannie And Freddie Are Mega-Frauds; Still Have Not Digested Derivatives & Accounting Losses From Crash

``Two writers at the Wall Street Journal have functioned as Diogenes in this churning sea of propaganda: John Carney and Joe Light. Carney has brilliantly and cogently explained why it "would take decades" to build adequate capital at Fannie and Freddie and set them free from the September 2008 conservatorship under which the U.S. government placed them in an effort to save the rest of the financial system. Joe Light has done yeoman's work in laying bare the lengths to which hedge fund titans like John Paulson (already bathed in shame for his scurrilous acts with the vampire squid) are willing to go to push their greed agenda with Fannie and Freddie's stock.''