What is $150 billion really worth? It’s enough to buy each and every NFL franchise about five times. Or it could pay the median household income more than 3 million times over in the United States. It could even pay for 500 days of the war in Afghanistan at $300 million a day.
But it doesn’t buy much media coverage when that $150 billion is misspent by our own government and paid for by the increasingly over-stretched taxpayers.
That’s been the sordid tale of mortgage giants Fannie Mae and Freddie Mac for years. And thanks to the left-loving gang on the network news, it doesn’t get any attention.
Much like the rest of the United States, Fannie and Freddie are in crisis – suffering a recent downgrade by Standard & Poor’s.
Who can blame S&P? The combination of these two inept operations has cost Americans more than $150 billion and the meter is still running faster than a running back on steroids.
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1 comment:
And the left wing kooks want to go after millionaires but the high ups in Fannie and Freddie Mac continue to make millions in bonuses on our tax dollars.Time for a new regime change in this country!
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