Results for "fannie mae"

Phony fruits from a phony administration.

Photoshop/CoC card set credit: Tennyson Hayes
It’s not quite the Mother of All Distractions, but it’s up there. Maybe the First Cousin of All Distractions.
The White House unveiled its ballyhooed $90 billion plan to punish banks with a “Financial Crisis Responsibility Fee” this afternoon. It’s faker than the fake garden vegetables the First Lady served [...]

It’s official. The Hill reports this morning that the Dems have formally agreed to bypass the formal conference committee process to ram the government health care plan through for Barack Obama: “Aides said the agreement was reached during a Tuesday evening meeting at the White House with President Barack Obama, Vice President Joe Biden and [...]

Meow.

Oh, crikey. I’m cramping up.
From.
Laughing so hard.
Ouch. Ow. Stop the pain!
The administration’s new two-pronged initiative, operating under a law passed by Congress last year, will consist of a bond purchase program to support new lending by these agencies, and a temporary credit and liquidity program to boost agency access to credit sources for their existing [...]

Same old, same old.

The Naked Emperor revisited.

GOP members of the House Oversight Committee have put out a report analyzing Fannie Mae and Freddie Mac’s role in the housing meltdown.
The Hill summarizes:
“The housing bubble that burst in 2007 and led to a financial crisis can be traced back to the federal government intervention in the U.S. housing market intended to help provide [...]

Beware the grubby paws (hat tip – Will Amos):
House Financial Services Committee Chairman Barney Frank has a plan to funnel income from the government’s $700 billion bailout fund toward the housing sector.
The powerful Massachusetts Democrat last week quietly introduced legislation that aims to use $1 billion in dividends paid by the recipients of government aid [...]

This is a red flag. On the House floor this afternoon, Barney Frank explained the “placeholder” in the cap and trade bill that apparently will deal with regulations of financial derivatives market associated with reducing carbon emissions.
Frank says he is confident a “good system will be in place.”
In other words: Trust him.
Hello?
Trust him?
Are you [...]

The fraud-ridden money pit known as Fannie Mae needs more of your money.
Who among the Fannie-kissers in Congress will say no?
Say goodbye to another $19 billion:
Fannie Mae (FNM.P), the largest provider of U.S. home mortgage funding, said on Friday it needs more capital from the U.S. Treasury after a $23.2 billion loss in the [...]

Wah.

There was a big dog-and-pony show earlier today led by Tiny Tim Geithner, who announced bold new initiatives to crack down on mortgage scammers and shut down irresponsible lenders cooking the books.
Speaking of mortgage scammers who cooked the books, when will they shut down Fannie and Freddie and go after their enablers in Congress?
Oh, [...]

Grabby Hands.

Grabby.

My syndicated column today looks at the award-winning performances of Washington hypocrites outraged by the AIG entitlement beast they nurtured through four massive bailout infusions. For added comic relief, be sure to read through the entire transcript of Robert Gibbs’ press briefing yesterday. (It’s been sanitized. Just add 25 “ums” during every exchange on AIG [...]

The Kabuki Theater of Outrage.

I wish.

If it isn’t fraudulent ACORN foreclosure “victims” siphoning off taxpayer funds, it’s well-off home borrowers in Nancy Pelosi’s backyard demanding a piece of the mortgage bailout pie.
Moochers to the left of me, moochers to the far left…
Legislation heading to the floor of the House today would help more Bay Area homeowners qualify for the mortgage [...]

Seattle on Monday. Denver on Tuesday. Mesa AZ on Wednesday. Overland Park, Kansas today. What a week, huh? We got the anti-stimulus, anti-entitlement protest ball rolling — and now the movement, spurred further by CNBC host Rick Santelli’s call for a “Chicago Tea Party,” is really taking off.
David Hogberg at Investor’s Business Daily has a [...]

“ALL OF US WILL PAY.”

Scroll down for updates…Heritage, NTU, FreedomWorks, Club for Growth all oppose…
I am not the only one raising hell about Sen. Mitch McConnell’s moronic, multi-billion-dollar mortgage entitlement plan.
Yesterday, I printed the Heritage Foundation’s letter to the GOP leadership assailing the Big Government proposal.
Today, Ed Glaeser weighs in with a WSJ op-ed: The GOP Has a [...]

Click here for update: McConnell says his “goal is not to kill the bill.”
Where is my Mitch McConnell head-banging graphic? Why did he make me have to dig it up again first thing Monday morning? I can’t take it. I really can’t:

Over the weekend, you see, Sen. McConnell gave the GOP radio address. The subject [...]

Scroll for updates and links to the lame and lamer liberal responses to this post…
Before we fully launch into the action-packed first week of 2009, I want to provide you with a year-end wrap-up of original blog reporting on this site and across the conservative blogosphere. Why? Well, over the weekend, a few bloggers on [...]

Why Paulson reminds me of Dory the fish.

American Express did it. Now, it’s GMAC’s turn to wave the magic wand, rename itself a “bank holding company,” and go for its bite of the bailout pie:
GMAC Financial Services (”GMAC”) today announced that it has submitted an application to the U.S. Federal Reserve Board of Governors for approval to become a bank holding company [...]

My syndicated column this week rips Hapless Hank Paulson and his flock of sheeple in Washington. The latest headlines suggest that the auto bailout is in trouble. But don’t get your hopes up too high. Politicians will cave. And no matter what euphemism they use, you will pay for it.
***
Hank Paulson, naked emperor
by Michelle Malkin
Creators [...]

From reader Bill:
My father in the last years of his life needed to go south to warmer weather because of his health problems. While renting in Florida in the late 70’s my Mom & Dad ran into many auto workers that had been laid off. They bragged about the fact they were getting more money [...]

As if we didn’t already have enough to worry about as Hank Paulson’s Treasury Department presides over the behemoth, expanding bank/insurance/auto/all-purpose bailout, Frank Gaffney sends up a warning flare:
The U.S. Treasury Department is submitting to Shariah – the seditious religio-political-legal code authoritative Islam seeks to impose worldwide under a global theocracy.
As reported in this space [...]

Socialism. It’s what’s for breakfast.