Freddie Mac // Current TV

To Know Newt Gingrich is to Despise Newt Gingrich (VIDEO)

Newt rose to power in the ‘90s by running against alleged Democratic corruption,... more

StewSteve
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1 month ago
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What Goes Around: Firm that Mocked Foreclosure Victims Closes

Not too long ago, The Stew wrote about the law firm of Steven J. Baum, which held a... more

StewSteve
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3 months ago
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Next GOP Flavor: Why Newt Gingrich Will Never Be President

Now the value that he embraces most heartily is honesty. You see, it wasn’t the... more

StewSteve
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3 months ago
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The Myth of Fannie Mae, Freddie Mac, Barney Frank, the Housing Bubble and the Recession

The next time someone throws out the ole Freddy and Fannie or Barney Frank caused the... more

Kelly_Balthrop
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3 months ago
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2 comments

Obama Administration Calls For Housing Overhaul, Winding Down of Fannie Mae and Freddie Mac

It’s no secret the role of government-controlled mortgage finance companies... more

IlyceGlink
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12 months ago
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Obama Administration Calls for Winding Down Fannie, Freddie

U.S. Treasury Secretary Timothy F. Geithner presented Congress with a set of options... more

Schnookums
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12 months ago
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3 comments

Lay The Blame on The Banks, Where it Belongs

There’s a dangerous — and misleading — argument making the rounds... more

joeeddy
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1 year ago
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Legal Bills for Fannie and Freddie Abuses Cost Taxpayers $160 Million

Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more... more

toyotabedzrock
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1 year ago
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1 comment

Taxpayers spend $160m defending Fannie Mae and Freddie Mac executives from civil lawsuits! Should This Man Be Held Accountable?

Two giant mortgage lenders bailed out by the U.S. government are using the taxpayer... more

congoboy
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1 year ago
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3 comments

Barney Frank "Banking Queen" Happy Halloween!

Rep. Barney Frank (D-MA): "You can reach out to your fellow young people and make... more

congoboy
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1 year ago
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5 comments

Weekly Audit: Save Affordable Housing, Help Revive America’s Middle Class

by Zach Carter, Media Consortium blogger Over the past decade, Fannie Mae and... more

MediaConsortium
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1 year ago
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Loan Giants Threaten Energy-Efficiency Programs

SAN FRANCISCO — The Obama administration is devoting $150 million in stimulus... more

jonther
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1 year ago
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1 comment

Live Q & A: Robert Scheer on the Housing Crisis Whistle-Blower - Truthdig

From The Chat - "Fannie Mae and Freddie Mac were playing catch up to not lose... more

toreyray
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1 year ago
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Obama Foreclosure Program Said Likely To Fail

The Obama administration's signature foreclosure-prevention program is likely to... more

The_Global_Report
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1 year ago
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Mike Shanklin & Dr Tom Woods On Federal Reserve, Obama/Bush, Tea Parties, GSEs, Ron Paul…

I got a chance to pull Dr Tom Woods to the side for a short interview before he spoke... more

shanklinmike
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1 year ago
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7 comments

Mike Shanklin Interviews Dr Arnold Kling of the CATO Institute 3/18/2010

3/18/2010 Mike Shanklin interviews Dr Arnold Kling from the CATO Institute at Campbell... more

shanklinmike
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1 year ago
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1 comment

GetLiberty.org >> Editorial: Earth to Obama

The American people simply do not matter to Barack Obama. He said so himself last night as he attempted his first State of the Union Address, declaring, “[W]hen I ran for president, I promised I wouldn't just do what was popular -- I would do what was necessary.” This was a nice way of saying he had heard the overwhelming opposition to his Big Government agenda — and he has decided to plow ahead anyway.

“I will not walk away” from the government health care takeover, he said, and “neither should the people in this chamber.” This, in spite of devastating resistance to the scheme that would ration care, raise premiums, drive people off of their insurance, cut benefits, and bankrupt the treasury with over $1.5 trillion in costs over ten years once fully implemented.

All told, 58 percent oppose the plan in Scott Rasmussen’s last weekly poll on the subject. His tracking has been way ahead of the curve on opposition to the health care takeover. While apologists were claiming majority support for plans like the “public option,” Rasmussen has polled clear opposition for most of 2009.

Barack Obama doesn’t care. With only an occasional glance at the glaring reality that the American people really are not in favor of his plans, Obama’s State of the Union was mostly a “stay the course” campaign rally, coupled with blind assertions as to the correctness of his position. Not to mention his bull-headed insistence that the Democrats get it done and “not run for the hills.”

For example, he came close to prevaricating (to put it kindly) about losses from the Troubled Asset Relief Program: “[W]e have recovered most of the money we spent on the banks. To recover the rest, I have proposed a fee on the biggest banks.” Only, the biggest banks are the ones who have paid TARP back in full, with interest.

Most of the $120 billion in losses have arisen under loans to AIG (not a bank), GM (not a bank), and Chrysler (not a bank). It was Obama’s own Treasury secretary, Timothy Geithner who testified to Congress, “There is a significant likelihood that we will not be repaid for the full value of our investments in AIG, GM and Chrysler.”

But not to worry, Obama says, “I am not interested in punishing banks.” Only, he is. He asserted that “Our most urgent task upon taking office was to shore up the same banks that helped cause this crisis.” By that, he means, take over, regulate, and monopolize. You know, punish.

Despite all of his bald distortions, Barack Obama’s greatest transgression in this speech was more a sin of omission than commission in his historical account of what actually happened. In fact, the only entities Obama is not interested in targeting are those most directly responsible for the mess.

Obama had positively nothing to say about Fannie Mae, Freddie Mac, and the Federal Reserve (government-created entities all), whose errant policies of loose lending and easy money coupled together to incentivize borrowing on an unprecedented level, inflate the housing bubble, sell worthless securities worldwide, and bring the economy to brink of ruin. Not one word.

Even as George Bush was attempting to justify the unprecedented bailouts his Administration ushered in, he at least acknowledged the role played by, for example, too-low interest rates. Instead, Obama presented a bizarre, disjointed address that was almost completely disconnected from reality, save for the touch of icy indifference to the express will of the American people not to proceed on this course.

But then, by now, that is what the American people have come to expect from the imperial, impervious president.The American people simply do not matter to Barack Obama. He said so himself last... more

WeAreChangeKy
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2 years ago
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YouTube - The Housing Collapse of 2010 Will Be Worse Than 2008

NOTICE http://www.youtube.com/watch?v=kunB4SnAh4g

BUILDUSMAXIMUS
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2 years ago
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Ron Paul 1/14/10 “Monetary System Is A Fraud/Cheats The People By Debasing Currency”

1/14/2010 Ron Paul discusses the monetary crisis and explains how the average citizen... more

shanklinmike
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2 years ago
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53 comments

Unemployment Funds Going 'Absolutely Broke'

According to the Washington Post, the recession's jobless toll is draining... more

The_Global_Report
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2 years ago
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