Fannie and Freddie: A Look Back
Posted on July 17th, 2008 by Kemp
I would just like to point Ponder This… readers back to my August 2005 analysis of Fannie Mae and Freddie Mac. A full three years before their virtual implosions, I was railing on the situation and providing a warning. Please check out page nine of the PDF newsletter issue.
Also, Robert Higgs provides a great break down of foolish government rhetoric in relation to the bail outs.
Finally - and what a gosh darn surprise this is - both the Obama and McCain campaigns have significant ties to Fannie Mae and Freddie Mac. I am baffled!
Crony Casino Corporatism hard at work fleecing the American taxpayer for those with inside ties!
Terrible balance sheets are clearly the work of short sellers. Yep.
The old medicine isn’t working. Before, inflation was the popular means to pump stocks. Now that the cronies are having trouble hiding the inflation (damn those commodities), they need to beat back the short sellers.