Wednesday, June 22, 2011

Fannie Mae and Freddie Mac

In the news again ..... Incompetent ... corrupt ..... executives from FNMA and FHLMC and the oversight committee (FHFA) expect to be rewarded with senior federal positions.

Are there NO adults left in the US Government?

It was these two agencies under the supposed oversight of the Federal Housing Finance Agency that were responsible for tanking the US economy in 2008. Although there is long and deep history of various members of the US congress and senate having failed the people of the USA ... some should even be in jail as I see it (Barney Frank)..... the fact the these agencies and the law makers who are supposed to keep them under scrutiny are still committing crimes is appalling.


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