Fannie Mae-No Politics (FNMA)

[955]

Can you say, bought and paid for? Gain control of the media and you have control of the people. Repeat things often enough and eventually the people will believe it. There's another figure in history who successfully implemented these same tactics, the outcome of which was not pretty.


"Most of the media journalist reporting on GSE reform are a laughing stock. With unbelieveable blindness or blinkered foresight or biased political views, they do not see the real story that is present before their very eyes. In the relish to see Fannie and Freddie end and to support every negative thought going, they ignore the Executive Branch's successful effort to secretly nationalize two of the largest privately held companies in the world and to abscond scot free with their profits for government coffers (not taxpayers) while ignoring procedural law, due process of the law, the 5th Amendment of the US Constitution, just compensation to private shareholders, and a report of the benefits to US taxpayers. By September's end, 146 billion dollars will have been transferred to the US Treasury from the GSEs. What are those billions doing for us, the US taxpayers? Is the money being used to support the national housing recovery? There is no report. None at all. And so what is the use of saying the taxpayer is getting benefits when it really means it is going to the Executive Branch of US government and used in ways no taxpayer knows?"