2 November 2012 0 Comments

Barack Obama and the Subprimes

READ MORE 3 September 2012 With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans READ MORE 3 September 2012 Documents: Plaintiffs in 1995 Obama-led Citibank lawsuit submitted class action claims READ MORE 3 September 2012 Obama’s Citibank plaintiffs hit hard when housing bubble burst    

6 October 2012 0 Comments

Fannie Mae Freddie Mac and The Forgotten Taxpayer Who Bails Them Out – Part 2- Listening to Paul Ryan

On July 27, 2000, a first-term Congressman from Wisconsin signed his name to the Housing Finance Regulatory Improvement Act. The 30-year-old legislator didn’t have much company. Of 435 Members of the House, only 12 were willing to join Paul Ryan in sponsoring this bill to reduce taxpayer risk at Fannie Mae and Freddie Mac.   […]

5 October 2012 0 Comments

Fannie Mae Freddie Mac and The Forgotten Taxpayer Who Bails Them Out – Part 1 -The Financial Meltdown of 2008

WSJ updates us on the Big Government Bailout of Big Government Fannie Mae and Freddie Mac. 17 August 2012               Peter Wallison provides some insight into contribution’s from Government Sponsored Enterprises, Federal National Mortgage Association (FNMA) Fannie Mae, and Federal Home, Loan, Mortgage Corporation (FHLC), Freddie Mac,  to the 2008 […]

10 April 2012 0 Comments

Corporatism: Fannie Mae & Freddie Mac – Bailed Out at Cost of $1300 Per American Household

Both Fannie Mae and Freddie Mac were, and are, government created mortgage monopolies subsidized, as a matter of government policy, by forcing a reallocation of resources by taxpayers. Wall Street Journal’s Smart Money: “Total funds requested, minus the dividends paid, work out to about $1,300 per American household. That includes both owners and renters. … […]

26 September 2011 0 Comments

Fannie Mae Bailout Continues: 2011 $5.1 Billion – Barney Frank

Barney Frank’s Government Sponsored Enterprise Federal National Mortgage Association, Fannie Mae, is siphoning even more money from America’s Forgotten Taxpayer. With $5.2 billion loss to shareholders, it appears the $5.1 billion is to bail out the shareholders of Fannie Mae. Who are these shareholders that The Forgotten Taxpayer needs to bail them out? WASHINGTON CNBC  […]

25 September 2011 0 Comments

Fannie Mae Debt Downgraded: S & P Rating Agency

S&P downgrades Fannie and Freddie, US-backed debt How does this happen? Gretchen Morgenson and Joshua Rosner have explicated the Federal National Mortgage Association’s complicity in the subprime meltdown and subsequent bailouts with a clear exposition of the facts written in an accessible journalistic style. “Reckless Endangerment” explains complexity with clarity. For another perspective, see political […]