Shots on the House

Update: The SNL skit has mysteriously disappeared…

Fannie Mae and Freddie Mac were two of the most expensive pieces of what looks to be a trillion dollar puzzle (fixing our economy). These two “too large to fail” institutions cost taxpayers about $200 billion, and there’s been some argument about whether or not the bailout will be profitable, unprofitable, or break even in the long run. I think the world agrees however that the collapse of Fannie and Freddie were not positives on the US economy. SNL did a good job making light of who was responsible:

The money part is Barney Frank (hilarious impression by the way) telling Nancy Pelosi that it actually was the Democrats who blocked reform. For those that haven’t seen or heard Barney talk before, it literally is that bad if not worse. There’s a nice bit of him talking in this great ad the Republicans put out about responsibility:

I showed this ad to a few friends of mine here at college who are pretty intelligent but not real policy junkies, and they thought it did a good job throwing the blame where it belongs. One friend said that “it made the Democrats look like dumbasses for ignoring this.” Indeed.