Freddie and Fannie WTF

Posted by flsurfkarma on Mon, 09/08/2008 - 9:44pm in

Government

Every taxpayers piece of Freddie and Fannie is now $14K How did it feel?

Ahhh Freddie and Fannie. Why does the government keep bailing out these businesses? In Capitalism BUSINESSES FAIL! It's good for the competition. This bailout of Freddie and Fannie will make the S&L bailout look like nothing.
Every taxpayers cut of this is $14K.
Total bailout could exceed 5.4 TRILLION dollars.
Assets are 2.4 Trillion.
Congress has pledged 200 Billion currently.

There have been NO hearings on what is going on.... hell the CEO's were asked to stay on during the transition. Let me bring you back to ENRON????? So
1st we had Bear Stearns
2nd Freddie and Fannie
3rd will be Big 3 Automakers who are lobbying right now
4th already in line with a hand out are the Airline industry. Do you feel sick yet? Next years budget???? Already at a 1 Trillion Dollar deficit

WAKE UP AMERICA..... What is it going to take?

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