boedicca
Uppity Water Nymph from the Land of Funk
- Feb 12, 2007
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TM can't handle the truth.
The reforms would have raised the capital reserve requirements for Fannie Mae and Freddie Mac, discouraging them from buying poor quality loans. Instead, Bawney ran interference, and we have bailed out these two to the tune of $400B.
They have committed fraud on their financial statements and paid enormous bonuses to the political cronies who are place in FM/FM as patronage jobs.
The reforms would have raised the capital reserve requirements for Fannie Mae and Freddie Mac, discouraging them from buying poor quality loans. Instead, Bawney ran interference, and we have bailed out these two to the tune of $400B.
They have committed fraud on their financial statements and paid enormous bonuses to the political cronies who are place in FM/FM as patronage jobs.
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