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Stimulus Plan a Scam to Benefit the Rich: Higher loan limits will lead to Fannie Mae, Freddie Mac bailout

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Corporate-sponsored Congress is at it again. Increasing Fannie's limit is like going on a spending spree with your credit cards because you know you're going to file for bankruptcy. Only here the taxpayer is left holding the bag. Fannie and Freddie will buy up mortgages based on fraudulent appraisals. With zero new regulation, the same bad actors that caused this crisis can once again begin a new cycle of fraud.

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At www.sfgate.com

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