Freddie Mac (FMCC)

[Letgoofmyfannie]

#FANNIEGATE: Government Theft So Big It Has Folk Songs

The Ballad of Fannie & Freddie

Fannie and Freddie bought mortgages, lawdy how they bought loans
Sold ‘em in the Second Market, for eighty years helped folks buy homes
Til’ greedy Wall Street Bankers cooked up no doc loans

The Housing Bubble got bigger, no one seemed to care
Til’ a crisis of liquidity took out Lehman AIG & Bear
Our Crooked Government pretended nothin’ to see…[nothin’]

Hank Paulson toted his bazooka, tipped Wall Street at Eton Park
Told Banksters Treasury’s plans, Board heads will hit the floor
Short ‘em to their graves, do the GSEs wrong, so wrong.

Fannie & Freddie were kidnapped, quarterly how they pay
Treasury conspired, took ‘em over, that’s how they are today!
Hank Paulson, hit man, did the GSEs wrong, so wrong.

FHFA shoved Fan & Fred O-T-C, cheaper than a bottle of beer;
Treasury pulled the Third Amendment, swept them Profits clear.
Hit man DeMarco does Shareholders wrong, so wrong.

Paulson told us stories, DeMarco was telling us lies
Now Mel Watt the hit man don’t lose sleep at night
Over shareholder plight, doin’ the Bill of Rights wrong, so wrong.

Congress is lazy and inept by even their low standards
Huff n puff, act real tough, not leading as they pander
To ignorant bought Media while shortin’ shares, so wrong.

Fannie and Freddie been muzzled, this ain’t no big surprise
Paulson, DeMarco, now Mel Watt screw Taxpayers with their lies,
Do the Constitution wrong, so wrong.

Our GSE story ain’t over, this ain’t the end of our song
Two dozen State n’ Federal lawsuits say our Government
broke the law [Sotto Voce] Soviet Style…did America wrong, so wrong!