Freddie Mac

Freddie Mac: "Hello Congress, we’re upside down and need money."
Congress: "Hello Securities Market, we’re going to need two trillion dollars."
Securities Market: "Hello Congress, we’re going to need 15% interest."
Congress: "Hello Freddie Mac, we don’t have the money."
Freddie Mac: "Hello Congress, we warned you about this, you should have raised our lending limits."

Wal Mart is still selling ammunition. Let the blame game begin:

"Freddie Mac Chief Warns of Recession"

http://www.ft.com/cms/s/0/8b86afc6-6d36-11dc-ab19-0000779fd2ac.html