Tag: banks
Louis McFadden on the Federal Reserve
Mr. Chairman, at the present session of Congress we have been dealing with emergency situations [the economic depression --ed]. We have been dealing with the effect of things rather than with the cause of things. In this particular discussion I shall deal with some of the causes that lead up to these proposals. There are underlying principles which are responsible for conditions such as we have at the present time and I shall deal with one of these in particular which is tremendously important in the consideration that you are now giving to this bill.
Trojan Piggy Bank
Given the fact that our national forests now serve to grow illicit marijuana for these Mexican criminal cartels; it does not take too much imagination to connect the dots of why American real estate is the perfect choice for Mexican drug lords, Russian mafia, fanatical jihadists, Asian tongs, Columbian drug cartels and other nefarious elements to expand and consolidate their criminal empire in America.
The Fannie Mae Mess
By Alan Caruba
As we have seen in the financial crisis of 2008, the combination of untraceable owners of “bundled” mortgages as securities and the inability of the GSE’s to meet their accumulated obligations—the 40 percent of mortgages they owned—combined to force the government to provide billions in public funds to protect and sustain them. And Fannie is back, hat in hand, asking for $6.2 billion more!
Obama Taxes Our Patience . . . Among Other Things
Our current president gives not a damn about anything but his warped ideology. I hope those deluded souls who applaud taxing the big banks – some of which never took TARP money, some of which were forced to take it, and almost all of which have paid back every dime – can keep the grin on their face when they are forced into foreclosure.
Recent Comments