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THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

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.

Webmaster's Commentary: 

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.

Comments

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.

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