Bailouts

Glenn Beck, Crash Course Week: The Economy (9.6.2010)

Judge Andrew Napolitano is hosting Glenn's 'Crash Course' Week as Glenn is on vacation. This week's programs will be a recap of Beck programs that have outlined the history behind the events that have been occurring in our nation since the installation of Barack Obama. Today's program is all about the economy, Obamacare, the travesty of the Fin-Reg bill, cutting spending, unsustainable pension funds, and the insanity of bailing out GM. I only take issue with the movement of money in the buckets (you'll understand when you see it), as all the money that GM collected in the first bailout…
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Obama Times Mortgage Forgiveness Perfectly…

Get ready for the snake-oil salesman to go all in as he prepares to make the voters swoon, cry, and wave their arms in the air yet again. On the heels of another $1.5 Billion requested bailout from Fannie, (who has suffered 12 straight months of losses), we have the Obama political machine maneuvering to 'buy' votes in the upcoming midterms by offering mortgage forgiveness to Americans.  How does that money-changing-hands-thang work again?  Why don't we just keep our money in the first place?  I'm sorry, I forgot; I'm just some brain-dead, fluoridated, prescription-drugged and debt-strapped moo whose only reason…
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Fannie And Freddie; The Bottomless Pit

Whatever the fix, the money spent will not be recovered, said Alex Pollock, a former president of the Federal Home Loan Bank of Chicago who is now a fellow at the Washington-based American Enterprise Institute. “It doesn’t matter what you do or don’t do, Fannie and Freddie will cost a lot of money,” Pollock said. “The money is already lost. There’s an attempt to try to avert your eyes.” Quoting Sen. Gregg, here is the herd of elephants in the room, (no mention of these two in the Dodd financial reform bill): Fannie-Freddie Fix at $160 Billion With $1 Trillion…
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SHOCK! Fannie Mae Needs Another Bailout

We are now up to $83.6 Billion for Fannie alone. Can we ask Barney Frank to pick up the tab for this round? Fannie Mae seeks $8.4B in aid after 1Q loss WASHINGTON (AP) - Fannie Mae has again asked taxpayers for more money after reporting a first-quarter loss of more than $13 billion. The mortgage finance company, which was rescued by the government in September 2008, said it needs an additional $8.4 billion from the government to help cover mounting losses. Fannie Mae says it lost $13.1 billion, or $2.29 per share, in the January-March period. That takes into…
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