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1 posted on 11/10/2011 8:52:45 AM PST by Kaslin
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To: Kaslin

There should be an ‘occupy’ movement by the tea party of fannie and freddie....that would be more legit than this current movement of folks protesting the idea of profit. Which is as close as you can get to communism supporting, if not being it.

Crony capitalism really puts a damper on conservatism. We get accused of all it’s problems.


2 posted on 11/10/2011 9:08:51 AM PST by Rick_Michael ( 'REAL' Conservatives who witch hunt their own, are no better than Obama.)
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To: Kaslin

“.....the Fannie and Freddie bailouts have cost U.S. taxpayers close to $170 billion.”


Fannie and Freddie’s stock prices also collapsed.

Investor loss - $130 billion.

Compare to Enron.

Investor loss - $60 billion.

Yet, somehow, Enron is the “Greatest Fraud” in history?


3 posted on 11/10/2011 9:19:44 AM PST by zeestephen
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To: Kaslin

And Wall Street Journal is reporting that Fannie is asking for another $7.8 billion


4 posted on 11/10/2011 10:05:28 AM PST by beachn4fun (Looking for (former?) Marine LtCol Wainsgard.)
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To: Kaslin
Last week, Politico reported that the Federal Housing Finance Agency paid $13 million in bonuses to 10 Fannie and Freddie executives. It's true that Fannie and Freddie bigs are making 40 percent less than the bygone execs who drove their organizations into conservatorship. But with Freddie reporting a $4.4 billion loss for the past quarter, bonuses hardly seem in order.

In other news...

Former Clinton Official Paid $26 Million by Fannie Mae Before Taxpayer Bailout Now on Obama Shortlist to Run FBI
Jamie Gorelick, a former Clinton administration official who reportedly has made the Obama administration's short list to become the next director of the Federal Bureau of Investigation (FBI), was paid more than $26 million in total compensation as a top executive at Fannie Mae--before taxpayers had to bail out the mortgage giant.

There's your 1% OWS.

5 posted on 11/10/2011 10:17:36 AM PST by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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