Nationalizing The Housing Industry

Posted on October 16, 2010 by Logistics Monster • 0 Comments

Let’s see; banks, car companies, healthcare, student loans…why not mortgages too?

  • Government paid Fannie and Freddie $240 Million to manage bank bailouts.
  • 90% of home mortgages are insured by FHA.
  • Fannie and Freddie have received $148 Billion in bailouts, with the cap on bailouts removed last Christmas Eve.
  • etc., etc., etc.

Filed Under: Economy, Wall Street Banks

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~Pres. Thomas Jefferson~
"The country is headed toward a single and splendid government of an aristocracy founded on banking institutions and moneyed incorporations and if this tendency continues it will be the end of freedom and democracy, the few will be ruling...I hope we shall...crush in its birth the aristocracy of our moneyed corporations which dare already to challenge our government to trial and bid defiance to the laws of our country.  I sincerely believe that banking establishments are more dangerous than standing armies."

~Pres. Thomas Jefferson~

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