Congressman Paul’s latest campaign video focuses on Speaker Gingrich. It touches specifically on the former speakers recently revealed ties with Freddie Mac, his appearance with Congresswoman Pelosi supporting action against climate change, and his supporting the individual health insurance mandate.
Tag: "Freddie Mac"
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 […]
We hear quite a bit from the MSM about Newt Gingrich’s ties to Freddie Mac. Newt Gingrich acknowledged on Wednesday, November 16, 2011, that his company, The Gingrich Group, had received consulting fees of between $1.6 million and $1.8 million from mortgage giant Freddie Mac over eight years for providing “strategic advice.” A Freddie Mac […]
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 […]
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 […]
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 […]
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 […]
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 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, […]
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 […]
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 […]
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 […]