THOUGHT FOR THE DAY!

Truth needs no law to support it. Truth is self-evident to all. Truth withstands re-examination. Truth survives questions. Throughout history, from Galileo to Zundel, only lies and liars have resorted to the courts to enforce adherence to dogma." -- Michael Rivero

 

Government to wipe out Fannie/Freddie shareholders by Sunday

And now what could become history's biggest transfer of tax dollars to bail out bad lending begins. Last month Congress passed a bill that gave the Treasury Department $800 billion to bail out Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). And while it is unclear how much money will be used to bail them out, the general outlines of the soon-to-be-announced terms are becoming clearer than they were last night.

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And now what could become history's biggest transfer of tax dollars to bail out bad lending begins.

And now what could become history's biggest transfer of tax dollars to bail out bad lending begins.

And now what could become history's biggest transfer of tax dollars to bail out bad lending begins.

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Posted on Sep 06, 2008 at 16:41
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1

Bypass the middle man

Easterling

Mail your cash directly to:

The Bu$h Crime Family
Attn: Brother Neil comptroller of the currency stash
Kennebunkport
Republic of Conservative Maine
USA
EARTH

*if you are a liberal baby killer Big Government communist, your contributions will NOT be tax deductable.

09/06/2008 - 17:13

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