Kim Osterwalder of Free Pie says

From the Bush Regime's perspective, it will be better to allow Fannie Mae and Freddie Mac to fail momentarily, and then swoop in and seize the assets — which can then be salvaged with money from the U.S. Treasury, and re-sold to FOB (Friends of Bush) for pennies on the dollar.

linking this, "Looters in the White House."