areyoumadenoughyet.com

[Hoosier Hillbilly]

EVERYWHERE YOU LOOK THERE'S FRAUD
O NO! you say; that surely isn't true?
Look fraud up and tell me if it isn't so;
and on top of that "OUR" government is the biggest offender.
How can I say something that offensive, and in public, because it's true.

What good is it going to do to look back ( and hash ) this current recession ( mess ) all over again? Because if "WE" don't we're going to live this mess all over again. If "WE" don't make some heads roll off the chopping block, or at least a limb or two ( I'm saying get down to chopping the fingers off to get to the truth.

What part did government play in all this, they were the instigators. They're the ones said open the housing market, finance up to 120% ( Fanny & Freddy ). They said let's print more money and make it available (easier to get).

They're the ones that not only didn't stop manufacturing from going overseas but encouraged it. Not only directly, but by stifling American companies into it. FREE TRADE ACT, tax increases, clean air, unions, mergers, etc. "THEY!" "OUR" government sent all the economic forces out of this country which created this recession. Plus the other big pitfall they're to blame for is ;
"OUR" current National Debt. You or me had no part in putting ourselves in debt over "OUR" heads - the government did it to "US"!

If you can still say they represent "US" then you still have your head in the same hole it was in 6 years ago. WELL! you had better pull it out because your about to loose your ass.

[Hoosier Hillbilly]

Mortgage Giants Leave Legal Bills to the Taxpayers
By GRETCHEN MORGENSON | NY Times

Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and their former top executives in civil lawsuits accusing them of fraud. The cost was a closely guarded secret until last week, when the companies and their regulator produced an accounting at the request of Congress.

The bulk of those expenditures — $132 million — went to defend Fannie Mae and its officials in various securities suits and government investigations into accounting irregularities that occurred years before the subprime lending crisis erupted. The legal payments show no sign of abating.

Documents reviewed by The New York Times indicate that taxpayers have paid $24.2 million to law firms defending three of Fannie’s former top executives: Franklin D. Raines, its former chief executive; Timothy Howard, its former chief financial officer; and Leanne Spencer, the former controller.