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Freddie Mac Loses $4.4B in Third Quarter, Requests $6B More From Treasury
AP via Fox News ^ | November 03, 2011 | Associated Press

Posted on 11/03/2011 10:20:35 AM PDT by ETL

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To: ding_dong_daddy_from_dumas

That cartoon is a classic, and demonstrates how the Commucrat’s strategy hasn’t really changed all that much over the years.

About the only modifications I might suggest should anyone want to update this cartoon is to insert “BORROW” in between a couple of the “SPENDs” and change the identity of the shovel-wielders to reflect the current generation of power-mongering communist quislings.

For more insight about the chap up front flogging the donkey, see:

http://en.wikipedia.org/wiki/Rexford_Tugwell

There was apparently a reason the artist put him up there.

Interestingly enough, Obama is a great admirer of FDR. Guess who Rex Tugwell worked and was a virtual “Czar” for?
Coincidence? I think not!

You might have to make the updated wagon a bit bigger to accommodate Lawdarse Bawney Fwank I suppose. Better double up on the jackasses too.

Do you sometimes wonder how many $Billions of American taxpayer’s dollars have vanished up Barry Soetoro’s nose or Bawney Fwanks’ *ahem*... “other end”?

I do.

Someone up at the Royal Palace is partying hearty on our... and now our grand children’s... cupronickle plated copper dime.

(How much is that dimes weight of copper worth now? They might have to start making them out of plastic. )


41 posted on 11/04/2011 6:24:03 PM PDT by George Varnum (Liberty, like our Forefather's Flintlock Musket, must be kept clean, oiled, and READY!)
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To: ding_dong_daddy_from_dumas; thouworm; CutePuppy; stephenjohnbanker

MICHELLE MALKIN has identified F/M as the place where members of the criminal enterprise known as the Democrat Party go to get rich.

AS ONE EXAMPLE Over the last two years, the Obama administration has approved a whopping $34.4 million in compensation to the top six executives of the financially troubled Fannie Mae and Freddie Mac mortgage giants while lacking basic protections to ensure such compensation is warranted, a federal watchdog found.

The largesse flowed to the six executives even though the two companies they run struggle to staunch billions of dollars in losses, remain in government conservatorship, and are required to repay taxpayers for assuming the companies’ liabilities during the mortgage crisis. Fannie and Freddie are tapping Treasury Department funds each quarter to help pay 10 percent dividends owed to the U.S. government.

“The need for effectiveness, integrity, and transparency in FHFA’s programs and operations cannot be overstated,” said Inspector General Steve Linick, a former Justice Department prosecutor confirmed by Senate last year to watch over federal housing programs. “Fannie Mae and Freddie Mac have received almost $154 billion in taxpayer funding to support the still-fragile housing market. In addition, they own or guarantee about $5.4 trillion in residential mortgage obligations.”


42 posted on 11/05/2011 2:51:06 AM PDT by Liz (The rule of law must prevail. We canÂ’t govern ourselves by our personal point of view.)
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To: ding_dong_daddy_from_dumas

: )


43 posted on 11/05/2011 7:44:11 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: ETL

audit freddie and fannie and by gosh hold everyone accountable...

it ain’t that hard.

t


44 posted on 11/06/2011 4:56:45 AM PST by teeman8r (armageddon won't be pretty, but it's not like it's the end of the world.)
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