Bernanke the idiot (or liar)just weeks ago said Fannie & Freddie were fine

Anthony M. Freed at 23:38 2008-09-07 said:

So here are these rich assholes salivating at the chance to rip us off again. They ripped us off when they screwed us on our mortgages. They ripped us off when they told us to pull our equity out of our homes and spend it. They ripped us off when they set up the government to bail out their risky investments with our money.

Now they are going to get rich off of the bailout - investing money they stole from us, taking advantage of their access and influence over the Treasury, the Federal Reserve, the FDIC, the SEC, the Commerce Department, and on and on. Thos same people who like to watch my website, and others (We have have the records if you want to see them...).

They are stealing from us and all of our descendants for as long as you or I can expect to matter to anybody - hundreds of years or more.

You and I, our names and our lives will long be forgotten before the American People will pay off these debts they are foisting upon us today. They are laughing at us and counting their money, they laugh because they know we are lazy, complacent fools who will not lift a finger to defend ourselves from their thievery.

They know we are all more captivated by the prospects of electing the first Black President - even though Barack Obamais not experienced enough. They need to flip that ticket and put Joe Biden on top, or it's all just a show. Experience needs to be the requirement, not camera appeal.

They know we are all too preoccupied with the pretty, bombastic Redneck babe who unexpectedly emerged from the woods of Alaska to burst on to the national political scene - who could be one (very old) heartbeat from the most powerful posts in the world? Are we that stupid?

Are purely superficial qualities like speechifying and good looks more important than knowledge tempered by experience? Are we that ripe for fascism?

They laugh at us because they know they stripped our education system it's effectiveness, and left us all full of factoids, but no ability to string them together into a coherent argument, or coherent thought.

They laugh and count their money because they know we will take it in the ass with a smile - just give us a good fall TV schedule. We'll vote if it's not too inconvenient. We'll vote for the guys who are screwing us blind.

Expect the unexpected in the markets this week - there may be some big winners, depending on Paulson's plan. There are definitely some big losers - You and Me. Read more at http://YourMortgageOrYourLife.com Permalink

Aristotle at 03:29 2008-09-08 said:

I am angry at the Democrats in Congress and the Republican executive branch equally. We told them FNMA and FHLMC were hiding their true financial condition. We told Congress' majorities (Frank, Dodd, Pelosi, Reid) that both the Bush Administration, FNMA and FHLMC were lying. Did any of the Legislative or Executive branches care about the truth? No. Permalink

Anthony M. Freed at 08:13 2008-09-08 said:

They are robbing us blind.

Right now, as we blog and bitch and whine, as Phil Grahm likes to call it.

You have not even seen the true cost of any of this. Don't you notice they keep letting out more and morte bad news as time goes on.

That's because they use liar numbers to please stockholders and avoid a sell off; they use liar numbers to please the regulatory agencies, to avoid an investigation; they use liar numbers to please the presee and the public, and not get us out of comfortably numb state.

We will never see that money again, but the memory (read as debt) wiull last for generations to come. Permalink