BARNEY FRANK- THE MAN WHO DESTROYED AMERICA
NEW YORK (Reuters) – Freddie Mac (NYSE:FRE – News; NYSE:FRE – News), the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a “prolonged deterioration” in housing.
Increases in the value of securities Freddie Mac held over the period helped buoy its net worth, however, erasing its need to tap government funds for a second straight quarter to stay solvent while continuing to buy and guarantee home loans.
Including a $1.3 billion dividend payment on senior preferred stock bought by the Treasury in previous quarters, Freddie Mac’s third-quarter loss increases to $6.3 billion. LINK
Oh yeah let’s give them our health care while we’re at it. What could possibly go wrong there? EVERY CITIZEN needs to track down their elected representative and let them know a vote for Obamacare is a vote for their opponent next election. Otherwise see you in line at the government clinic.
Big shout out to Barney Frank…
November 7, 2009 at 11:57 pm |
Oh yeah let’s give them our health care while we’re at it.
Just did. Passed the House. On to the Senate. America – and our wallets – died a little tonight.
November 8, 2009 at 12:38 pm |
I’ll be voting against Patrick Murphy….again!
November 8, 2009 at 1:29 pm |
Social engineering through fiscal policy is a bad mix.
November 8, 2009 at 7:30 pm |
Randal – Murphy is a “Blue Dog” like I am a good writer. I’d vote against him, but I have my own dope (Alyson Schwartz) to vote out of office.
At this point, I want to vote out every politician (D or R) I can. They all want to see us wearing barrels and selling apple cores on the street.