CNBC has just announced that President Obama has called for a conference on August 17th, to "fix Freddie and Fanny". All during the the FinReg debate, a nonstop parade of No Party enthusiasts grabbed any microphone available and whined about the Administrations failure to "address" Freddie and Fanny. The Administration stepped back from this show of petulance until it was ready.
They did not allow the R's to confound the debate on banking regulations, pollute the Consumer Protection discussion, or provide cover for those who insisted that it was the poor, stupid borrowers who agreed to taking on more debt than they could afford (If you're poor and stupid you must be a Democrat, of course!) that caused the crash.
Now, when HE is ready, we are watching another leg on the greed stool cut away.