REAL CRIME REPORT: WASHINGTON D.C.

BUH BYE BARNEY

Well, it seems like Barney "bailout" Frank will not be running for relection. Though I guess Fannie Mae's personal Congressman will not be taken out of the Capitol in handcuffs which he ought to be. Still there is still time for that to happen as long as he remains in office. Where to begin? How about at Fannie Mae.

TAKING OUT THE TRASH WITH BARNEY FRANK

Always good to check the news on Saturday that's when the important news is published that could be embarrising to the government and various politicians. It's called "taking out the trash" Release the stories on Friday (or say right before a holiday weekend like today) in the hopes that the people won't notice as they get ready for the weekend.  Today's Washington Post has an item concerning Fannie Mae's  favorite Congressman Barney "bailout" Frank.  It seems the Associated Press and the Washington Post made sure this little conflict of interest item does not get to much of a high profile and notice:

"WASHINGTON — Rep. Barney Frank says he helped his then-domestic partner land a job with Fannie Mae in the 1990s while Frank was serving on the House panel overseeing the mortgage company."-Washington Post

The Washington Post buried this item in the lower left hand corner of page A7. How long do the American people have to put up with corruption of politicans like Barney Frank?  It seems "reporters" are intimidated by politicians like Frank also.  Which is another reason why journalism is failing the American people these days too!

TAKE A LOAD OFF YOUR FANNIE & FREDDIE

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:

TIME MAGAZINE: The usual suspects?

File this under: "You've got to be kidding?" Seems TIME magazine did an article of a list of the 25 most responsible to blame for the economic bailout mess. But, left off two prime suspects dumbocratic Senator Chris Dodd and Congressman Barney Frank. It seems they got quite a few letters complaining about this oversight in reporting.

I was robbed

I had this dream on Friday night. The banks made these sub prime loans to people who could never afford a mortgage. Then President Bush, Nancy Pelosi, Barney Frank, my Congressman Tim Bishop, Senator Chuck Schumer, Hillary Clinton and a bunch of other politcians showed up. They went into my wallet and made me and other taxpayers pay the banks back for the subprime loans that they gave out.. Did anyone else have this dream? Thank God nothing like that could never actually happen in the American capitalist system.

Wall Street is selling it's sh$t! Guess who is buying it?

From today's Washington Post:

Congressional leaders and the Bush administration this morning said they
had struck an accord to insert the government deeply into the nation's financial
markets, agreeing to spend up to $700 billion to relieve Wall Street of troubled
assets backed by faltering home mortgages.

Yes Wall Street is selling it's sh$t and we tax payers are buying it! Hello suckers!

Full details of the plan were not immediately available.

That's because the devil was busy looking at it and try to find a way to climb into it.

There was at least one good piece of news the Republicans seemed to have been able to get the Democrats to drop their demand that suspect "social services" groups like A.C.O.R.N don't get hold of any taxpayer money since their record of corruption and voter registration fraud is one of the under reported scandals in this whole mess. Here is the money quote:

They also agreed not to dedicate a portion of any profits from the bailout
program to an affordable housing fund that Republicans claimed would primarily
assist social service organizations that support the Democratic Party, the
official said

Only time will tell how badly we taxpayers are being screwed by this legislation and those who negotiated it want this passed before the opening bell of Wall Street. So it looks like our time is up!

Bailout Barney Frank to the rescue! Of who?

As the saying goes "Fools rush in where wise men never go" so it was the Democrats and Bush administration officals like Henry Paulson who tried to rush this Wall Street bailout plan cooked up by the banks themselves through Congress this week. Now comes this irritating comment from Bailout Barney Frank in today's Washington Post:

"I am convinced that by Sunday we will have an agreement people will understand." -Barney Frank

Oh we understand Congressman Frank. We understand we taxpayers are about to be screwed by a bailout orchestrated by the banks and financial institutions like Bank of America to save their butts because of the bad sub prime loans THEY made.