Franklin Raines: "Our assets are so riskless that it doesn't matter if we're levered up 80-1"

Watch pols (mostly Democrats) make asses of themselves defending the GSE's, plus watch Fannie Mae CEO Franklin Raines claim that "these assets are so riskless" that it doesn't matter if we're levered up 80-1.  Gotta love the internet for keeping this footage around forever.  We might not get them all tossed in jail, but we can sure ruin their reputations by pointing out their hypocrisy.  Again and again and again.

Related:

Franklin Raines On Foreclosure Fraud (CNBC)

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[DailyBail]

Doctors in Iraq's war-ravaged enclave of Falluja are dealing with up to 15 times as many chronic deformities in infants, compared to a year ago, and a spike in early life cancers that may be linked to toxic materials left over from the fighting.

http://www.guardian.co.uk/world/2009/nov/13/falluja-cancer-children-birth-defects

Read this one...

[Morton]

I wonder if the revolution will be televised?


http://www.rollingstone.com/politics/news/the-real-housewives-of-wall-street-look-whos-cashing-in-on-the-bailout-20110411?print=true

"It's one thing for the federal government to look the other way when Wall Street hotshots evade U.S. taxes by registering their investment companies in the Cayman Islands. But subsidizing tax evasion? Giving it a federal bailout? What the fuck?"