Ed Morrissey errs when he says "don't get too focused on ACORN, the problem is Fannie and Freddie." Yes, it was Fannie and Freddie guaranteeing all these horrible mortgages that allowed banks, or so they thought, to take these risks.
But ACORN, the Congressional Black Caucus, Barney Frank, Chris Dodd, and Barack Hussein Obama all worked together to build the bomb. Separating ACORN from Fannie is like saying Al Qaeda could never support Shiite extremists.
This was an inside-outside operation from the getgo -- ACORN providing external "grassroots" demands for these mortgages, the government empowering them to do so, ACORN pressuring banks to make the loans, government sponsored entities Fannie and Freddie removing the risk (or so it was thought) from the loans.
They all worked together on this. They're all on each other's speed dials. ACORN forges up fraudulent voter registrations to help Democrats steal elections; Democrats propose giving 20% of all revenues (not profits, revenues) from the bailout to ACORN, etc.
As this Fannie executive says -- We're all part of "the family."