Obama and the Congressional Democrats have resisted previous efforts to reform Fannie and Freddie! It's a VERY intriguing video!
(btw - do you know that President Bush, the "Evil W," has been working since Day One of his Presidency to make changes and rein in Fannie & Freddie? Including some 18 attempted measures this year alone? - but the Dems stall him out every time!)
Many thanks to my Italian friend for this link -