No, not that. We all know that they have absconded themselves and placed in receivership by the USGOV. Yes, I am being sarcastic, the USGOV is not interested in being a business owner. Yet…. Well, with $200,000,000,000 to spend on the Fanny and Freddie stock, maybe they do?
Well anyway, That is old news.
What is in common that I am writing about today?
Top Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008
|
Name |
Office |
Party/State |
Total |
|
1. Dodd, Chris |
S |
D-CT |
$133,900 |
|
2. Kerry, John |
S |
D-MA |
$111,000 |
|
3. Obama, Barack |
S |
D-IL |
$105,849 |
|
4. Clinton, Hillary |
S |
D-NY |
$75,550 |
|
5. Kanjorski, Paul E |
H |
D-PA |
$65,500 |
So, this bad financial management that helped propel us into the 2nd New Deal and abolishes the notion that Free Markets should be, well, free, also gives to the party that wants to control more and more of our economy through it’s own form of eminent domain.
Maybe this downward spiral that Fanny and Freddie are experiencing is a psychosomatic creation. Maybe they wanted to be controlled by the Government (some where deep down inside) and so they created their own pit of despair to do it. I doubt this, as they are interested in the one universal language, money.
Such a bad precedent, and now such a bad revelation.
Be afraid, be very afraid.
Posted under Economics, Politics
This post was written by Brett W. Passmore on September 10, 2008
