AND YOU PUT THE LOAD RIGHT ON ME AND OTHER TAXPAYERS!
Amazing about how mum the major media outlets have been when it comes to another taxpayer bailout. I'm talking about the continuing taxpayer bailout of Freddie Mac and Fannie Mae. Here are the money quotes literally:
"WASHINGTON (AP) - Government-controlled mortgage buyer Freddie Mac managed a narrower loss of $1.7 billion for the October-December quarter of last year. But it has asked for an additional $500 million in federal aid—up from the $100 million it sought in the previous quarter. Freddie Mac also posted a $19.8 billion loss for all of 2010."
"The government rescued Freddie Mac and sibling company Fannie Mae in September 2008 to cover their losses on soured mortgage loans. It estimates the bailouts will cost taxpayers as much as $259 billion."
So who is responsible for this mess. A lot of people especially "Bailout" Barney Frank and a lot of other Democrats like Maxine Walters, Ralph Meeks, and others "roll the videotape":
But, above it all there is the audacity of Barney Frank: