Reply #24: Did you read this part? Obama has the power over them.

[Autumn]

"Even if the original loan was sent to Fannie and Freddie with false or fraudulent guarantees from the bank -- promises that may directly be tied to the borrower's current financial problems -- banks will be immune from liability. Fannie and Freddie plan to charge banks "a modest fee" to extinguish this liability, but the administration has yet to determine what that fee will be."


I think the damn banks are pretty fucking glad of the power he has. Cause he's using it to cover and benefit their sorry asses. We tax payers will once again get fucked.