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e lenders on behalf of mortgage giants Fannie Mae and Freddie Mac. At just the moment when Obama Democrats are looking to Fannie Mae and Freddie Mac to help stimulate the economy and juice home sales, the government agency that oversees the mortgage giants is preparing a lawsuit that could further stifle already weak home sales. The lawsuits have been okayed by the Federal Housing Finance Agency, the conservator agency created to oversee the failed mortgage giants after their 2008 collapse and bailout, and would target the biggest lenders, like the beleaguered Bank of America. The claim is that the big banks fraudulently packaged big bundles of home loans for sale to the quasi-governmental agencies, misrepresenting the risk levels involved. This is part of the Federal Housing Finance Agency’s mandate to seek to return Fannie and Freddie to solvency. It will also please liberals who have long complained that the Obama administration has let the banks slide for their abuses as the president sought to restore lending in his bid to revive the ailing economy. The move comes as the president and his allies eye the agency and its boss, Edward DeMarco, in hopes that he will allow Fannie Mae and Freddie Mac to be part of a new stimulus package by refinancing home loans for those with poor credit or homes worth less than their market value. DeMarco has expressed resistance to any plan that would move Fannie and Freddie further away from solvency. DeMarco’s desire to stick strictly to his mandate by seeking solvency through sound lending or lawsuits must make him one of the least popular fellows at the White House. The move to seek damages from banks is not only a new threat for already shaky institutions like Bank of America, which Obama-backer Warren Buffett moved last week to save with a $5 billion cash infusion, but also provides a new reason for banks to remain stingy with loans. The Federal Reserve has managed through extraordinary measures to keep interest rates at historic lows, but banks are still sitting on their cash. Multi-billion dollar litigation over lending practices will cause banks to not only hoard cash but give a new incentive to have lending practices that are spic and span. When interest rates are so low, the return just isn’t worth the risk. Romney Gets Help in Bid to Puncture Perry “4 percent” -- Rep. Michele Bachmann’s share in the latest FOX News poll of Republicans’ presidential preferences. Mitt Romney is having some success in his bid to bring down Texas Gov. Rick Perry. Romney, who has gone on the offensive against “career politician” Perry, has been getting help from across the political spectrum as liberals and ultra-conservative Republicans train their fire on the new GOP frontrunner. Romney’s campaign expressed its hope that Bachmann would “rip his eyes out” and a new ad from a pro-Bachmann Super PAC shows that she may oblige. The conservative group turns liberal attacks on Perry’s records against the governor on spending and fiscal issues. His campaign has cried foul on the facts, but the ad remains on the air in South Carolina. Meanwhile, liberal writers and pundits continue to sound the alarm against Perry’s evangelical Christianity. In attacks similar to those leveled against Mike Huckabee, Perry is hinted to be some kind of stealth theocrat. Combine that with the “Is Rick Perry dumb?” storyline, and you have a recipe to turn off costal moderates. Romney’s best hope for withstanding Perry’s surge is to have conservatives divided and then frighten moderates away from the new frontrunner. That would deny Perry the chance to consolidate his early gains and open up the kind of long war of attrition against the Republican right that Romney believes he can win. The latest FOX News poll puts Perry 7 points ahead of Romney, 29 percent to 22 percent. That’s good news for Romney in that such a margin can be easily overcome before the end of the year. The bad news in the poll for Romney, though, is that Perry’s support doesn’t fluctuate much when potential candidate Sarah Palin is added to the polling mix. With Palin and Rudy Giuliani in the race, Perry sinks to 26 percent, but Romney slides down to 18 percent, keeping Perry’s margin intact. Romney backers have been hoping for Palin to join Bachmann in pulling down Perry, but this poll shows that she wouldn’t change the trajectory of the race. After enough weeks of attacks on Perry’s record, religion and intellect, though, who knows? Voters Still Down on Libya War "The [Libyan rebel alliance] has said very publicly that, in the reconstruction effort, it would give preferential treatment to those who supported them. That seems quite logical and fair." -- French Foreign Minister Alain Juppé in a French radio interview explaining why his countrymen should be the first to profit from Libyan oil in a post-Qaddafi world. Proponents of the president’s foreign policy are enthusing over the Libyan intervention, but voters are not. The latest FOX News poll find