M. Simon traces the funds Fannie Mae pumped into vote fraud  specialists ACORN, and explains how that organization pressed for the grant of mortgages to unqualified buyers, leading to the subprime mortgage  mess and Fannie Mae collapse.

ACORN is a former legal client of Senator Obama's, as the Sun-Times reported in 2006:

In 1995, former Republican Gov. Jim Edgar refused to implement the federal "Motor Voter" law, which Republicans argued could invite fraud and which some Republicans feared could swell the ranks of Democratic voters.

The law mandated people be allowed to register to vote in government offices such as driver's license renewal centers.

Obama sued on behalf of ACORN, the Association of Community Organizations for Reform Now. The League of Women Voters and other public-interest groups joined in.

"He and his client were the ones who filed the original case -- they blazed the trail," said Paul Mollica, who represented the League.