Out-frigging-rageous!!!!!! Fannie Mae $3 Billion fraud.

Discussion in 'Politics' started by iamwhatiseem, Jun 30, 2011.

  1. iamwhatiseem
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    iamwhatiseem Gold Member

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    You tell me what private business would have allowed $3,000,000,000 in losses over 6 years AND NOT DO ANYTHING ABOUT IT???????

    Not only did Fannie not do anything about it - they did not inform authorities either. Probably because they didn't want to upset the fantastic corrupt arrangement they have with the government.

    Man - this is an outstanding example of why government does NOT belong in private enterprise and the results of what happens when they do.

    $3,000,000,000 that we will pay for since Fannie is 100% backed by you and me thanks to our government.

    How Fannie >>> LINK
     
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    Last edited: Jun 30, 2011
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    It's functioning EXACTLY as Obama and the Dems want it to.

    Can someone please tell me the difference between Fannie and Freddie? And then I want a Follow up.
     
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  3. whitehall
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    whitehall Gold Member

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    Members of congress generally don't have the intelligence to successfully run a business. That's why they are politicians. We know from experience that congress couldn't run a small post office without stealing stamps. Dan Rostenkowski went to jail over it. Frank Raines who is Obama's financial advisor was CEO of Fannie and during three years it is alleged that he cooked the books to show a fake profit tied to his bonus. He walked away with 90 Million dollars. Barney Frank was in charge of Fannie while he was chairperson of the House Banking committee and he told Americans that Fannie was doing fine while it was on the verge of collapse. Either Frank is stupid or he is a crook.
     
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  4. iamwhatiseem
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    iamwhatiseem Gold Member

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    Absolutely.
    Again I say - history books of the future will have PLENTY to write about concerning this collapse.
    You take the greatest robbery in the history of the world during the 90's and 2000's of everyone's 401ks. Then Fannie and Freddie...now (as I have in another thread) we learn today that college expenses have went up 439% since the government started guaranteeing tuition payment with our tax dollars.
    The corruption is simply amazing. But...what's on TV tonight?
     
  5. editec
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    editec Mr. Forgot-it-All

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    Yup! Outrageous.

    String the bastards up.

    Himmmm...where were the regulators under the BUSH II administration?

    Asleep at the helm



    Once the OBAMA adminsitration came into office, the villans were taken to task



    Ya see...this is what happens when you put people in charge of government who HATE governing.
     
  6. iamwhatiseem
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    iamwhatiseem Gold Member

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    I think maybe you are kidding...you did read where Fannie and Freddie officials DID NOT report to the authorities.
     
  7. LibocalypseNow
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    LibocalypseNow Senior Member

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    Barney Frank and Chris Dodd should be arrested. How they're not wearing orange jumpsuits is a bizarre mystery to us all. They committed terrible crimes against the American People. And they got away with it. What a tragedy.
     
  8. Momanohedhunter
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    Momanohedhunter BANNED

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    Wait a min, are you a right wing hitter ? Evey one knows greedy republicans led by George Bush caused Fannie.
     
  9. iamwhatiseem
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    iamwhatiseem Gold Member

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    now I really hope you are kidding.
     
  10. California Girl
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    California Girl BANNED

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    Why stop with Frank and Dodd? There's guilt aplenty - on both sides of the aisle. Personally, I'd like to see a whole bunch of them investigated.... not just for corruption, but we should change the treason law to include this sort of behavior.
     
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