The Obama Administration has promise, REGARDLESS of the cost, to continue to use taxpayer’s money to bail out these two government-seized companies. In addition to the already spent $111,000,000,000, taxpayer’s will throw up to another $290,000,000,000 at these two failing institutions! Who holds the majority ownership in these two poorly-run companies-The Chinese Government. Merry Christmas from the American taxpayer!
Treasury uncaps credit line for Fannie, Freddie
By Corbett B. Daly
http://www.cnbc.com/id/34587600/for/cnbc/
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
6 comments:
Are we the people going to let this happen?
Our elected officials have already seen to it that this happens!China, the largest holder of US Gov't debt, has seen the 'writing on the wall'. The uncontrolled spending of this Congress, the excess printing of US currency, and the slow devaluation of the dollar have them concerns as to the economic stability of the US. As the largest debt-holder of these two institutions, China has put economic pressure on the US G ov't to 'bail out' these two failing companies.
yep, here we go, into another depression. Besides where in the hell does all that money go? Thanks to dumba$$ obama and his czars.
Wake up America.
Obama's goal is to bring on the 2nd great depression. Somebody please tell me otherwise. We will soon have runaway inflation and a destroyed dollar!
The corporations behind the stock trading and derivative investments in these two CIA companies are wicked. The owners of the corporations have taken their money and ran. The remaining shells of companies (Fannie and Freddie) are insolvent.
This is embezzlement of our money by our own government.
This is outrageous.
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