Just more examples of our out of control government and obscene and blatant greed and thirst for more from "The Rich and Famous", including some of our elected politicians. These examples are from just one sector , the housing crisis and mortgage mess. Imagine the sheer numbers and dollar amounts of other examples and other sectors?
I know this is not necessarily new news, but maybe if we rub the unknowing public's nose in enough of the *hit, it will make them mad enough to start paying attention! Post another example that you know about from another sector!
Freddie Mac and Fannie Mae received approximately 150 BILLION in taxpayer bailout funds, and it is rumored that they are now in need of MORE.
Freddie paid Newt Gingrich approximately 1.6 million to "advise" them on their business model. What he got paid 1.6 million for is as follows ( from The New American, Thomas R Eddlam, 12.01.11):
In an November 9th CNBC presidential debate Gingrich was asked what he did to earn the money. He stated " I said to them at the time, this is a bubble. This is insane. This is impossible." But the Wall Street Journal pointed out that he not only praised the Freddie Mac model prior in a 2007 interview posted on Freddie's website, but stated that " these are results I think conservatives should embrace and want to extend as widely as possible."
In that same 2007 interview he praised Freddie Mac and the whole concept of GSE ( Government Sponsored Enterprise) and stated " I think a GSE for space exploration ought to be seriously considered, I'm convinced that if NASA were a GSE, we would probably be on Mars today."
I think we already know who is on Mars today myself. And we paid Gingrich 1.6M for these juicy tidbits? For talking out of both sides of his mouth like they so often do? I think most of us could have come up with better than that!
I guess more government (GSE) spending on special agenda would also help everyday Americans like the unemployed, like it has with Freddie and Fannie?
How about those Goldman Sachs big wigs who had a big hand in creating this housing and mortgage mess ? I illustrate in the book how these very same people are now making millions on a mess they created, and made millions on in the first place. They created One West Bank, who is now a large benefactor of the foreclosure crisis. I showed one example where One West made over 100K on ONE foreclosure they only paid approximately 240K for in the first place, all paid for and with taxpayer dollars!
I find it ironic that these politicians consistently condemn more government spending publicly, especially in the name of taxpayer paid for benefits like unemployment and Social Security/ Medicare, yet don't have a problem with it when they have their own hand out, stuffing more in their ever bulging pockets?
Kids in a Candy Store or Highway Robbery? Or BOTH?
American Me? the book www.americanmeus.com Get INVOLVED
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