Tuesday, September 14, 2010
Fannie and Freddie Need More--Again
Fannie Mae and Freddie Mac (Or is it Fannie Mac and Freddie Mae? I can’t keep that straight.) are broke. The outfits liberals created to buy up all those “toxic (bad) mortgages” created by the Citizen’s Reinvestment Act of 1976 to “keep the lid on” until they need to let the economy go to hell to get elected is now broke. Even though they made a law to give them all the money they would ever need. They need $1.whatever BILLION , right NOW! Or the economy is going to “go to hell, this week!” And they got it because they are back “keeping the lid on” while Obama’s people are still ENFORCING the Law that FORCES lenders to loan money to people who can NEVER pay it back, until the next election, when they’ll “unleash” it again, just in time to get liberals re-elected by lying about who is responsible for the economy “going to hell.” (CNN Money)
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