Wednesday, November 2, 2011

Fannie & Freddie Executives - Millions In Bonuses

Ten Executives at Fannie Mae and Freddie Mac, the quasi-governmental companies that caused the financial crisis, received $12.8 million in bonuses at taxpayer expense  How is this possible when the federal government has basically taken over these companies providing them $170 Billion of tax payer money, to date, with more on the way, to deal mortgage foreclosures.   Franklin Delano Raines, an old Clinton guy and the former CEO of Fannie Mae should be in jail rather than retired and sunning himself at the Country Club.   After bankrupting Fannie Mae, Raines who contributed millions of dollars of Fannie money to Socialist campaigns, including money going to Obama, walked away with millions of dollars as his severance when he was fired.   This guy is a crook. 

What is wrong with this picture.   It is no coincidence that Fannie and Freddie were excluded from the Dodd Frank Financial Regulation bill.  Socialist Senator Chris Dodd and Socialist Congressman Barnie Frank were on the take, along with a lot of their Socialist buddies that got millions in campaign contributions.   It was these same Socialists that refused to regulate Fannie and Freddie when none other than President George W Bush asked them to do it.  Now we have Socialist President Obama out on the campaign trail demonizing Wall Street and the Big Banks that got bail outs.   In contrast to GM and Chrysler,  that Obama stole from their legitimate owners, to give these companies away to his auto union supporters,  the Big Banks paid back all bail out monies plus interest. 

Why aren't the Mobs protesting around the country at Fannie and Freddie's doors.   Why aren't the Mobs protesting in front of the White House since Obama is on the take receiving millions of dollars in campaign contributions from Wall Street firms and the Big Banks.   Why isn't Obama denying bonuses to Fannie and Freddie Executives.   Could it be that these guys are his pals too.

We have got to take back our country in 2012 and 2014 to end this crony capitalism.  Socialist President Obama plans to raise a billion dollars to fund his reelection campaign.   Obama's rich PEEP's are paying $38,000 a plate to have dinner with the President.   Must be one hell of a dinner for that kind of money.   Of course, many of these contributors see this campaign contribution as an "investment" in Obama and you can bet that they will expect a return on that investment if Obama wins reelection.   That is how we ended up with Solyndra and all the other Green Loans that were nothing more than pay off's to Obama's big campaign contributors. 

We have got to take back our country in 2012 and 2014 to prevent the bankruptcy of our nation.   We can do it.   We must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.   We have to take back our nation from these crooks and those feeding at the trough, the 50% of Americans that pay no income taxes at all, those on the dole, public employee unions, illegal aliens, trial lawyers and companies benefiting from crony capitalism.   In the mean time, the Executives at Fannie and Freddie are laughing at the American people all the way to the bank.   Obama is taking very good care of his guys at Fannie and Freddie. 

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