Big rip off.

Hey all, well I’m sure that everyone has heard about the gigantic mess also known as the 700 billion dollar financial bale out proposed by your federal government. I don’t know of a larger rip off of the American tax payer has ever existed. I plan to provide some details that will add to that already burning fire in you.
Let’s start with the obvious question. Why are we planning to spend a gargantuan amount of money? It’s a really complex answer to be honest. Many ties exist among Fannie Mae and Freddie Mac and members of Congress. These two governmental entities will be receiving all the money to keep them from going bankrupt. Multiple bad deals occurred in the last 15 years, and some of the misdoings include Fannie and Freddie executives getting bonuses from false reported earnings. Also, millions where funneled into housing projects in the districts of various member of Congress like Chuck Schumer from NY. According to a Heritage Foundation article in 2004 the Washington Post reported that the Office of Federal Housing Enterprise Oversight made a discovery that Fannie Mae was engaging in N Ron like accounting. This was completely dismissed by Congress. Some of the evidence according to the article found in the Heritage site shows that a former Clinton administration member Jamie Gorelick received a bonus of upwards of 25 million dollars whenever her base salary was only $1 million. I wonder if that should have been a hint.
Fannie Mae was created under the FDR administration as part of the New Deal. According to the article its original intent was to assist low income families with housing accommodations. Fredy Mac although created much later is supposed to serve a similar purpose. The problem seems that even with housing market booms these entities still live on. It’s requiring a financial buy out of bad loans of $700 billion from Uncle Sam to keep these two mortgage monsters from sinking. I want to know why aren’t those involved in putting us in this predicament getting held accountable.
Let’s shed light on some of these characters. Senator Obama claims to be fighting an administration that brought this mess on. Well, Senator Obama once worked quite closely with a group called Association of Community Organizations for Reform Now. ACORN got bought off by Fannie Me according to the article. ACORN has gotten indicted for corruption prior to their buy out. If you are purchasing corrupt activist groups it’s a good sign that legitimate business isn’t taking place with in the company. The three largest members of Congress according to a list provided by Fannie Mae were Barack Obama, Hilary Clinton, Barmy Franks, etc. Why don’t they have to swear under oath about their involvement?
I am just mad that our government is getting involved in a disaster that they created. These mortgage companies shouldn’t have gotten so much federal funding in the first place. Our taxes money has better places to go. Congress was just greedy since they were knee deep in it. This isn’t a Socialist government. Let the market run its course. We will have our periods of success, and we will have our periods of down time. Politicians should stop this game of pointing fingers, and shoveling maneuver covering there dirty tracks. I want someone to have the gull to step up to the plate, and I want the American people to stand strong. We should all call Congress to tell them how we don’t approve of their lack luster attempts to rectify their mistake. We need public servants who do what’s best for us not for their pocket books. I hope that we are able to maintain our liberties, free enterprise, and good living. If we continue to engage in activities like these we won’t get a chance to do so. God bless America’s principles, capitalist approach, and our way of life. James.