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Sanity -> Whatever the question, Big Government is the answer (4/1/2011 6:32:12 AM)
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April Fools! [:D]
This morning on Drudge...
quote:
[image]http://www.drudgereport.com/bern.jpg[/image]
NO JOKE: FOREIGN BANKS TOOK MOST FROM FED; BERNANKE KEPT SECRET
Libya-Owned Bank Got 73 Loans From Fed...
And from the New York Times, Fannie Mae and Freddie Mac were taking taxpayers to the cleaners: when they were big government entities
quote:
Report Criticizes High Pay at Fannie and Freddie
Regulators have approved generous executive compensation at Fannie Mae and Freddie Mac, the taxpayer-backed mortgage finance giants, with little scrutiny or analysis, according to a report published Thursday by the inspector general of the Federal Housing Finance Agency.
The companies, whose fates are to be decided by Congress this year, paid a combined $17 million to their chief executives in 2009 and 2010, the two full years when Fannie Mae and Freddie Mac were wards of the state, the report found. The top six executives at the companies received $35.4 million over the two years. Since Fannie Mae and Freddie Mac were taken over in September 2008, the companies’ mounting mortgage losses have required a $153 billion infusion from taxpayers. Total losses may reach $363 billion through 2013, according to government estimates.
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