"But by the time Mr. Mudd became Fannie’s chief executive in 2004, his company was under siege. Competitors were snatching lucrative parts of its business. Congress was demanding that Mr. Mudd help steer more loans to low-income borrowers. Lenders were threatening to sell directly to Wall Street unless Fannie bought a bigger chunk of their riskiest loans." One reason I had no problem with the bailout was because I knew that bad public policy had allowed it to happen in the first place. When government makes a mess, it should clean it up. [And come on, y'all ... pure profit players will always do the greedy thing. Always.]