If Only

Why is it that the federal government has the backbone and negotiating chops to put the big squeeze on Fannie and Freddie, but is incapable of securing similarly sweet deals for the taxpayers from previous wards of the state like Goldman Sachs and JP Morgan? Indeed, this story about Fannie/Freddie comes on the heels of the ridiculous settlement the feds made with Goldman that isn't even a slap on the wrist to the Titan of Wall Street for all its fraud in mortgage backed securities in the run up to the 2008 Great Housing Meltdown.

For comparison purposes this case is just another indication that not only Washington, but Democrats - including the Obama administration - are in thrall of Wall Street and nothing can break their iron grip.