Fannie Mae Enron?

The Wall Street Journal ^ | Wednesday, February 20, 2002

[Dukie]

Good morning Eustace. I just received the e mail & will reply in kind. Thank you. As GEC said above it is indeed a serious question: What could be the possible justification for government chartered corporations making political campaign donations ?

Government is so incestuously tied to banking and financial institutions that they indeed seem to be simply different faces of the same coin.

Thanks for the links and best regards to you.

[Eustace]

"What could be the possible justification?"

I can't say it any better than Thomas Jefferson.

"The Central Bank is an institution of the most deadly hostility existing against the principles and form of our Constitution.

I am an enemy to all banks, discounting bills or notes for anything but coin.

If the American people allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

Here again I can't say it any better than the man who said it first, Thomas Jefferson.

" Single acts of tyranny may be ascribed to the accidental opinion of the day.

But a series of oppressions, begun at a distinguished period, and pursued unalterably through every change of ministers (administrations), too plainly proves a deliberate systematic plan of reducing us to slavery."

Since December 24th 1913 our government has continued its oppressions leading us into slavery.

Every president since wilson, has lied to the American public, protecting the banksters. They have fallen for the lies of evil who have offered what is not theirs to give.

I say again "WE are responsible for the things we allow our government to do."

I know that this may not appear to have anything to do with this article. But I can't escape the connection and my hell is trying to get others to see it.

Just connect the dots, and the picture will become clear. That will lead You to the answer.

[Dukie]

Thanks for your post of Jefferson's admonitions, Eustace. It is indeed relevant that the comingling of financial enterprise with government which results in private entities creating money and credit has given rise to the artificial conditions which produce severe economic swings..

Regards to you.

[Uncle Bill]

BTTT

[PGalt]

Thanks for the reminder...bump.

[Uncle Bill]

Hello. If you get a chance, read these:

THE MOUNTING CASE FOR PRIVATIZING FANNIE MAE AND FREDDIE MAC - December 29, 1997
"A related danger of the duopoly regime of Fannie Mae and Freddie Mac is that their huge size and market concentration would cause a severe disruption to the housing market if one of them were to fail. As a result those entities, as they are currently constituted, are perceived to be "too big to fail."(55) That means that in the event of a financial collapse of either or both of the GSEs, Congress could be persuaded to ill-advisedly "bail them out," as in the case of Chrysler, requiring loan guarantees or costing federal taxpayers billions in outlays. Fragmenting the market by introducing competition would reduce the likelihood of such a bailout by ensuring that no one company's failure would be viewed as disastrous."

Derivatives Risk Casts Long Shadow Over Freddie, Fannie

If the bubble bursts - "These institutions will collapse."

How Big Is the Government's Debt?
"When these obligations are combined with the debt held by the public, the total burden equals $33.1 trillion, or 10 times the official debt measure. This "total debt" is more than three times the size of the nation's total output in 2001, and amounts to $116,381 for every man, woman and child in America."

[Uncle Bill]

BTTT

[rdavis84]

"They can be stopped People, easily. Quit accepting their lies and hold them to Gods' Laws. They and the maggots they work for cannot stand in His Light. I guarantee that on my life."

Romans 13:8
"Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law."

[Eustace]

Do You mean that if I owe them , it's my fault. I understand that to a point.

But when the economic system they force on us is designed to consume everything until we have nothing , I don't see any Love in it.

I also don't believe God put us here to be destroyed by His enemies. Turning our cheeks to them would be suicide.

I believe the turning of the cheek applies to fellow Christians. Believing that if a fellow Christian struck me , it would be a mistake , because I would never intentionally hurt my brother , I would turn my cheek so the matter could be settled Peacefully. Understanding that anyone can make a mistake including myself .

Accepting the federal reserve simply as a bank offering me a chance to own property , would be like jumping in a bed full of scorpions , foolish.

There is nothing I want more than to walk down the street , anywhere and be able to call people neighbors regardless of color , race or religion. To be able to have children play safely in their neighborhoods , knowing that my neighbors would look after my child as their own.

That carries over to doing business with others. I wouldn't cheat You out of a penny , I would like to have that same respect from others.

But I'm not that foolish and I will never believe that the people who hold a monopoly on our economy have the right to cheat us , because "Life's not fair".

The Bible has quite a bit to say about "Usury".

I'm trying to understand where You are coming from and better explain my position.

[rdavis84]

"Do You mean that if I owe them , it's my fault."

No, I mean that it's wise to bring down the amount of debt in a family by any means possible. Some debt can't be avoided by most folks. Where they're digging their hole deeper is by not denying themselves frivilous buying on credit.

I've no intention of "preaching" on the matter, but personal reflection on it and some determination can relieve much stress caused by excessive debt.

My Wife and I have the philosophy that if we're warm, dry, and not hungry, we're very blessed. And it makes anything past that very much more appreciated. But we don't use credit cards to get it.

[Eustace]

Very good advice.

We tend to be in a hurry when it comes to aquiring things. And when we let it get out of hand we find ourselves in a very deep hole , one many of us can't get out of.

I'm guilty of using debt cards , but I stop before I bury myself.