Stay away from Acronyms when it comes to Financial Institutions

First it was the SPEs with Enron and now it is the GSEs with Fannie Mae and Freddie Mac so when will the American voting public learn that these types of special subgroups are a fancy way for publicly held companies to get around basic accounting rules. The government will have no choice but to bailout these institutions because they hold such a large amount of the debt for the housing market (1 in 5). Tell your representatives that the next time they hear an acronym in connection with a publicly held company to just vote no.