Correct Me If I`m Wrong...Please

[phuloi]

Ok, Let me see if I got this right:
Bawney Fwank and his gang decided that disenfranchised poor folk too deserve to own their own home, so they quash any and all efforts for over-sight and regulation on Fannie May and Freddie Mac and instruct them to provide mortgages to people who couldn`t get credit enough to get Netflix to their mailbox. How`my doin so far?
The fallout from this boondoggle pretty much ruins the housing market and all our homes lose value, and now, in his infinite wisdom, the new leader decides to bail out all those poor, poor pitiful folks that signed on the dotted line for some ridiculous variable rate contract for their American Dream-to the tune of $75 mil. So you and I will walk slack on this patrol into the jaws of Socialism?
This, my friend is very evil. Very smart. But evil, just the same.