The quasi-government agencies are back for more! More of your tax dollars, that is.
The government rescued Washington-based Fannie Mae and sibling company Freddie Mac about two years ago and it estimates that will cost taxpayers up to $259 billion. That's nearly twice the $133.4 billion Fannie and Freddie are in line to receive from taxpayers so ( Read more... )

Barney Frank, made acutely aware of his own perilous position as a principal agent in the housing bubble when his partner in crime-Chris Dodd-announced his retirement, is moving to erase the evidence by destroying what is left of Fannie Mae and Freddie MacFrank's involvement runs both wide and deep. He backed legislation that forced lenders to ( Read more... )

Representative Barney Frank and Senator Chris Dodd, two figures at the center of the financial scandals that spun out into a crisis, are trying to shrug off the blame onto others. In a letter to USA Today they to blame the free market.
First, it will be hard to justify that Democratic "members supported virtually any program that provided credit ( Read more... )

Once again, proof that it wasn't free markets at play!
Andrukonis and others expressed concern about another type of mortgage Freddie was buying, where neither income nor assets were stated on the loan application. Andrukonis said these were popular with Hispanic borrowers, but the delinquency rates of 8 to 13 percent were much higher than on ( Read more... )

Free markets don't look like this:
WASHINGTON - When the Washington Nationals played their first-ever baseball game in the nation's capital in April 2005, two congressmen who oversaw mortgage giant Freddie Mac had choice seats - courtesy of the very company they were supposed to be keeping an eye on ( Read more... )

The only campaign video anyone needs to see.

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As josparke says, "BAM!"


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And we're here to help! O_O ( Read more... )