"Obama to Bypass Congress on Mortgages" ... But "New Obama Foreclosure Plan Helps Banks At Taxpayers' Expense"

"While this is outrageous, it's nothing new. PhD economists John Hussman and Dean Baker, fund manager and financial writer Barry Ritholtz and New York Times' writer Gretchen Morgenson say that the only reason the government keeps giving billions to Fannie and Freddie is that it is really a huge, ongoing, back-door bailout of the big banks."