Saturday

Dem Majority eliminates bailout caps on “Freddie/Fannie” of the Mortgage debacle

-Posted by D.C. Worth, for Barbay (France & US)

Geithner's Christmas Present: Unlimited Fannie And Freddie Bailouts
As Dems move from "Cap & trade" to "Uncap & further enslave"...
Surprise Christmas motion deepens Tax-payer liability. Read.

DEMOCRAT 111th CONGRESS IS ON ITS WAY TO THE DUST-BIN OF BAD HISTORY! ...VOTE THESE IDIOTS OUT OF OFFICE!!

By making the change before year-end, Dem-appointed Treasury sidestepped the need for an OK from a bailout-weary Congress…
YES THEY CAN!!! YES THEY CAN!!!

THAT'S RIGHT... HAWAII PHOTO-OPS...WHILE
OUR BRAVE GUYS FIGHT THREE WARS!


Blank-Check Bailout for Fannie and Freddie Means Taxpayers Get a Lump of Coal from Obama"
From Daniel J. Mitchell:
"Even though politicians already have flushed $400 billion down the rathole, the Obama Administration has announced that it will now give unlimited amounts of our money to prop up Fannie Mae and Freddie Mac, the two government-created Democrat retained mortgage companies." ##

The Secret Reason We Eliminated The Bailout Caps On Fannie And Freddie -Joe Weisenthal:
"The above actions would preserve and strengthen the government’s involvement and control over the country’s housing finance system and make it harder to reintroduce substantial private sector involvement later on. They would also continue distortions in the marketplace leading to who knows what unintended consequences. Finally these steps would do nothing to deleverage the housing finance system, a key step in returning it to any degree of normality." read.

Fannie and Freddie CEOs to get up to $6M in pay...
Pay packages were approved by the Treasury Department and the Federal Housing Finance Agency, which regulates Fannie and Freddie.. The two chief executives of Fannie Mae and Freddie Mac could get paid as much as $6 million each for 2009, despite the companies’ dismal performance this year.... Dem Majority's Campaign Contributors... have already cost taxpayers over $111 billion for the pair.

Bush White House Warned Congress About Fannie Mae Freddie Mac 17 Times In 2008, Alone View Exact Time-lines.

VIDEO: FORMAL WARNINGS, TO REFORM FANNIE & FREDDIE.

ONE YEAR AGO: Look at it now Read.

January 12, 2010 Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses

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