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Friday, July 23, 2010

TOTUS: Freddie Mac and Fannie Mae

THE AMERICAN TAXPAYERS ARE TIRED OF PICKING UP THE TAB FOR THE WEASELS AND SPECIAL INTEREST IN WASHINGTON!  NOVEMBER IS COMING SOON AND THE DAYS OF MANY SITTING IN THOSE COVETED SEATS IS NUMBERED! VOTE TO KICK THE BASTARDS OUT!

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4 comments:

Matt said...

Well said. I can add nothing to that!

Randy-g said...

All I could add would be rat bastards.... But they damn sure need to go.

davidwwalters said...

Do you really think Freddie Mac and Fannie Mae is the cause of the economic collapse? I wonder where you got that from, elRushbo? Bet he didn't mention anything about the repeal of The Glass-Stegall Act of 1933. We can thank our friend Phil Gramm for that. The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999 broke down the firewall between investment banking, wall street and insurance brokers which led to a market in something call "derivatives". Derivatives were bundled home loans which were sold as AAA bonds on the open market. Driven by high real estate prices and insured by the like of AIG. When home values tumbled, the bottom fell out of the market. The result lives with us today. Thanx Phil Gramm (R) Tx.

MK said...

"VOTE TO KICK THE BASTARDS OUT!"

Bloody hope so.