DOWNGRADED: Fannie Mae and Freddie Mac 'get theirs', years too late.

Downgraded by S&P to AA. Never has a more deserved downgrade happened; well, not since last Friday, anyway.

A 'blast from the past', from 2008, recalling the dark days of the economic collapse; and identifying the 'Smoking Gun' that caused that economic collapse...



...the Community Reinvestment Act. One of those 'meaning well but causing more harm than you could ever imagine' feel-good LeftLibProgg equality NOW! thingers.

Watch the entire video, if you haven't already.

---