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