Fannie Mae Redux

Fannie Mae and "Freddie Mac," the quasi-governmental corporations which guarantee mortgage loans and have already recieved more than $500 billion in bailout funds this year, are now asking for an additional $400 billion each before year's end, purportedly in order to stave off the collapsing mortgage markets.
Sounds oddly like drilling holes in the hull of the Titanic to let all that icy water out and keep the ship afloat.
Listen closely to Fed Chairman Ben Bernanke's lucid statements in my previous post, then listen  to Arlo:

http://www.youtube.com/watch?v=vAG0XMRty5Y