Video: Fannie/Freddie reform “too complicated” to do with financial regulation reform

(By Ed Morrissey; Hot Air) - What Rep. Paul Kanjorski (D) means is that it’s too 'expensive' … and too politically fraught to do before the elections. Rick Santelli blasts Kanjorski on CNBC this morning for dodging the issue as well as offering the misleading notion that Congress is doing something about the continuing risk of Fannie Mae and Freddie Mac to taxpayers. After all, Congress took off the limits on the bailout a few months ago, something Kanjorski fails to mention: