"We don't believe in a 'too big to fail' doctrine,but the reality is that the market treats the paper as if the government is backing it. We strongly resist that notion. You know there is that perception. And it's not a healthy perception and we need to disabuse people of that perception. Investments in Fannie and Freddie are uninsured investments...GSE reform is pending before the Congress right now ... it's a critical time, legislatively..." (See Full Story on John Snow's Comments)
Lest there be any doubt how Barack Obama and the Democrats fit into this whole mess, I suggest you read this article (click to see story as popup window).