Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (79084)	2/10/2010 10:16:17 AM
From: JakeStraw	2 Recommendations of 224750

CAGW Names Rep. Barney Frank (D-Mass.) 2009 Porker of the Year Still Trying to Cover His “Fannie” cagw.org Chairman Frank garnered the lion’s share of the votes as a result of his relentless and garrulous role in the failure of the government-sponsored enterprises Fannie Mae and Freddie Mac, the two mortgage government-sponsored enterprises (GSE), which were taken into government conservatorship in September of 2008 after they began to collapse. The two GSEs, which own or guarantee half of the nation’s $11 trillion home mortgages, have been on life support with $112 billion in taxpayer funds since then and taxpayers could be liable for trillions in bad loans on their balance sheets.

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