Obama feigns outrage over bonuses, then approvesbigger bailout for bonus-givers Fannie and Freddie

Subject: txt mny crpt libs reps bdd -
This deserves -- and will get -- much more than the passing reference of a weekend blog post, but it is significant to see this news go down the Christmas news dump:

“The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac, an eleventh-hour move that allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress."

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