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Politics : Welcome to Slider's Dugout

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From: SliderOnTheBlack	3/11/2009 5:05:37 PM
	8 Recommendations Read Replies (1) of 50303

Freddie Mac needs another $30-35 Billion... The Black Hole formerly known as Fannie Mae & Freddie Mac just keeps getting blacker, and deeper... Whodathunkit?!?! "Insurance giant Freddie Mac (FRE) reports a $24 billion quarterly loss (after CEO resigns - always a good sign!) and will tap another $30.8 billion in U.S. aid..." reuters.com bloomberg.com And why hasn't Congress pursued a clawback from the book cookin' crook Franklin Raines? Raines did exactly what World Com's Bernie Ebbers and Enron's Jeff Skilling did. He cooked the books. Ebbers and Skilling are in jail. And Franklin Raines got a $240 Million Dollar Golden Parachute. So why isn't Raines in jail, and why hasn't his "quarter billion dollar" tax payer paid golden parachute been clawed back? Perhaps because he's one of Obama's men from Fannie Mae... What do Franklin Raines, Tim Howard and Jim Johnson all have in common? They were all part of the Obama campaign! mcauleysworld.wordpress.com S.O.T.B. PS: Watch this and it will answer MANY questions about Fannie & Freddie's problems: youtube.com And here's another going back to a young ACORN and Community Reinvestment Act activist named Barack Obama... Listen to Obama at the 5:20 mark on the video... youtube.com PPS: Do you know you just gave ACORN $100 million+ of your tax dollars hidden in the stimulus package? publicmarkup.org tertiumquids.blogspot.com The $700 billion bailout of the financial system just got worse, thanks to a rewrite by Senate banking committee chairman Chris Dodd. If the government loses money on all the “bad debt” it’s buying, the taxpayers will pick up 100% of the tab. But if markets rebound, or the government makes money on any of its individual purchases, taxpayers won’t keep the money. Instead, at least 20 percent of it will go into a housing slush fund that will benefit the left-wing group ACORN, which pressured lenders to make the risky sub-prime mortgage loans that spawned the mortgage crisis. (Even though housing subsidies and mandates caused the mortgage bubble in the first place). Can you say Neo-Marxist Collectivist State? ...I knew you could.

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