Freddie Mac’s Nightmare on Main Street
Imagine our economy is a giant human, the kind you’d find at a drive in movie in the 60′s. Now imagine Freddie Mac, the mortgage blunder, is a sucking chest wound on the giant human about the size of foreclosed McMansion.
Since 2008 we’ve torched $50-billion tax dollars in the Freddie Mac fiasco and now they want $10-billion more because tax dollar love means never having to say you’re sorry.
Freddie Mac’s latest bite on the taxpayer wallet brings the congressional stupid cash call jackpot for both Freddie, and the aptly named Fannie, to a whopping-mind blowing-kick in the fiscal berries-$126 billion dollars with no end in sight.
This is exactly why we don’t want the government to lay a single finger on our healthcare system because everything they touch turns to cat crap. The Feds don’t care because it ain’t their money. It’s yours and mine. Those corrupt political appointees running Freddie Mac and Fannie Mae, knew the whole thing was a flat out Ponzi scheme mandated by a thoroughly corrupt Congress. That’s right Freddie and Fannie lined the pockets of every member of Congress with political campaign contributions.
Did You Know???
Barack Obama took over $105,000.00 in campaign contributions from Freddie and Fannie, good for the third most money donated to a US Senator by Freddie & Fannie over the preceding 20-years!
Here’s a video from 2004, that’s right 6-Freaking-Years ago where the same idiots in charge of regulating banks right now in Congress actually defend Freddie Mac & Fannie Mae from auditors and other congressmen calling for stricter oversight, and warning of the impending collapse that occurred in 2008. Current Congressknucklehead Maxine Waters proves stupid knows no bounds when she identifies the auditor who blew the whistle was the only problem…
The video even enumerates the idiotic salaries of the pirates who gutted and looted both institutions. Would you lend these guys a dime?
Did You Know???
Franklin Raines would later resign rather than face prosecution for cooking the books…
Mike Says…
Congress is the only place where rats never leave a sinking ship…
