Tag: "Fannie Mae"

Frankly Barney, You Won’t Be Missed

By Polar Coug (twitter @PolarCoug) on Dec 02, 2011 in Politics

When I learned Cong. Barney Frank (D–Libertine) was retiring after 30 years in the House, my first thought was don’t let the door hit you in the behind. That’s because Frank personifies everything that’s wrong with the political class currently infesting our nation’s capitol. Frank is morally, politically and ethically corrupt. This Democrat party leader [...]

Gay Liberal Rep. Barney Frank Calls it Quits: Good Riddance

By DJ Redman on Nov 29, 2011 in Opinion

After 32 long years of representing Massachusetts District 04 in the U.S. House of Representatives, Congressman Barney Frank has announced he will not be running for reelection in 2012. The openly gay Liberal (see fake Democrat) says his new district lines would force him to campaign aggressively, a task his 71 year old body may [...]

Fannie, Freddie CEOs Ask For More Taxpayer Money, Defend Bonuses

By R. Mitchell on Nov 16, 2011 in In The News

The Federal Housing Finance Agency (FHFA), whose current acting director is Edward DeMarco, is the regulator and conservator of the Federal National Mortgage Association (FNMA or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac). Fannie Mae lost $14 billion in FY2010, while Freddie Mac lost $21.5 billion in FY2009. Fannie [...]

Heil Obama: Is This America’s Future?

By Bob Russell on Oct 29, 2011 in Politics

We are finding the anointed one, Barak Obama, gaining confidence in his ability to circumvent the Constitution and Congress to implement any rule he desires. In the last week he has gone on the campaign trail, at taxpayer expense of course, to tell We the People that if Congress is reticent in its willingness to [...]

Obama's 'Underwater' Homeowner Rescue Already Sinking

By R. Mitchell on Oct 24, 2011 in Money

President Obama is travelling several Western states to talk up a re-vamp of his failed “Home Affordable Refinance Program” (HARP) in another big-government attempt to rescue homeowners who owe more on their houses than the real estate is worth. Beginning in Nevada, the “We Can’t Wait” campaign is intended to show-up Congress while side-stepping them [...]

Fannie Mae Redemption

By R. Mitchell on Sep 12, 2011 in Money

WASHINGTON, Sept. 12, 2011 /PRNewswire/ — Fannie Mae (OTC Bulletin Board: FNMA) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption: Principal Amount Security Type Interest Rate [...]

Government Causes Housing Crash Then Sues Everyone Else

By R. Mitchell on Sep 03, 2011 in Featured, In The News

The U.S. government on Friday sued 17 banking firms for their roles in the housing crash. The financial institutions are being accused of selling $196 billion dollars of now-toxic mortgage backed securities to Fannie Mae and Freddie Mac. The Federal Housing Agency (FHA) filed suits against Bank of America, Citigroup, JP Morgan chase and 14 [...]

Fannie and Freddie: Dark Clouds Looming Over Near-Term Outlook

By R. Mitchell on Aug 22, 2011 in Money

WASHINGTON, Aug. 22, 2011 /PRNewswire/ — The economy was hit by a barrage of disappointing news during the last month, which led to a significant downgrade in the overall macro economic forecast released today by Fannie Mae’s (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group. While the August 2011 Economic Outlook does not forecast a double dip [...]

Fannie and Freddie Fatcats Still Raking in Taxpayer Dollars. $35M in Bonuses

By R. Mitchell on Apr 02, 2011 in Featured, Money

Fannie Mae and Freddie Mac executives raked in over $35 million dollars in bonuses while sucking another $153 BILLION dollars out of taxpayers for being nothing more than an epic failure. A report issued Thursday by the Federal Housing Finance Agency’s Office of the Inspector General shed some light on the following payoffs for incompetence, [...]

Whitehouse Ignores the Rule of law, refuses to report on Fannie and Freddie once again!

By R. Mitchell on Feb 01, 2011 in exposing Obama, Featured, In The News, Money

The Whitehouse continues to stall on reforming the money train known as Fannie Mae and Freddie Mac, even though they are breaking their own so-called Financial Reform, ( also known as the Dodd-Frank Bill) laws to do it. This article is a part of the continuing exposure of the fraud, corruption and waste of taxpayer [...]

Fannie, Freddie and Foreclosures- Exploring the True Costs to the US taxpayer

By R. Mitchell on Jan 29, 2011 in Money, Politics

Introducing Fannie Mae, their mission and purpose as explained on fanniemae.com: “Fannie Mae, (Federal National Mortgage Association) is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets.” Yet they have managed to do just the opposite of the purpose for which [...]

Money for Nothing and Houses for Free.

By R. Mitchell on Jan 25, 2011 in Featured, Money, Politics

How would you feel if a burglar was caught inside your home stealing everything of value, and when the police went to make out the police report, you were told that you would have to write a check for $5000.00 to pay for the burglar’s legal fees? Well that happens indirectly, with the Lawyer-enriching “Right [...]