[OESY]

Dan Gainor is director of the Free Market Project (freemarketproject.org).

[DManA]

I think Rush and Hannity were out to lunch on this too.

TV news is out to lunch.

[Conspiracy Guy]

Look under the carpet for more Fannie Mae details.

[garbanzo]

Why isn't TV news giving the Fannie Mae scandals the same level of coverage that it gave to Enron?

Because George W. Bush isn't involved. If there were any hint of adminstration involvement it would be front-page news.

[ex-Texan]

Fannie Mae and Freddie Mac are bankrupt. Nobody . . . And I mean NOBODY in government want to deal with it. Not the White House, Congress, Democrats, Republicans. Nada. Zip. Zero news coverage by the MSM.

What companies purchased all this mortgage debt paper on Wall Street? Fannie and Freddie sold packages of bundled individual mortgages on Wall Street to companies that held the packages for the short term. Then the packages were re-packaged and re-sold on Wall Street. (Repeat, re-sell, yada, yada, yada) This was a modern version of a pyramid scheme because many of the mortgages when they were re-sold were due for foreclosure. Or about one week away from foreclosure notices being sent out.

Who purchased this mortgage paper? Were they Saudi Princes, or foreign banks owned by the Chinese, Germans, French, Russians or dummy corporations owned by the Italian Mob? Have you talked to a friend in the mortgage biz recently about new trends in foreclsure fraud?

I dunno. Do you? Does anyone even care?

Perhaps you will when you wake up to discover that the "booming" U.S. housing market is beginning to tumble and fall.

[Bloody Sam Roberts]

Here is a link to the report on the Special Examination of Fannie Mae from the Office of Compliance / Office of Federal Housing Enterprise Oversight, dated September 17, 2004. (3Mb .pdf file)

I think you all will find some interesting names and numbers on the board of directors.

[april15Bendovr]

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