Tag Archive for fannie

Fannie and Freddie Declare Epic Looting Spree

The US Treasury has declared the bailout caps for Fannie and Freddie will be raised to “unlimited”.  Hence, you will be paying unlimited bailout money to the banks by way of men showing up to your door with guns in your face looting you for half your paycheck.  Which will then be deposited into Fannie…

A Lesson In Moral Hazard – Blaming Capitalism Is Wrong

Why blaming capitalism for the problems of fascist government policy is wrong: It doesn’t take a rocket scientist to figure out that when you back junk sub-prime loan packages with tax payer dollars, lenders have a massive incentive to make outrageous loan deals. The “fraud” is the moral hazard our government created when it backed…