Don't forget the new budget from the desk of Pelosi that will give U.S. auto makers a $15 Billion "low interest" loan.
Also, look into what Harold Raines made while director of Fannie Mae and then when he was sued by the Feds for defrauding them, how much he had to give back. Since Todd doesn't like it when we mention a certain somebody, Raines was appointed by the "C" word.
As far as the low interest loans for the auto makers. This was done for Chrysler also.
Rains was/ is a crook and shoud have gone to jail. He didn't start out that way but since his compensation was tied to preformance he used a little accounting magic to make the numbers look good. Not much different then Enron and the bunch of crooks there.
"The "resources" referred to by House include more than $174 million spent on lobbying over the past 10 years. That put Fannie and Freddie in the Top 20 for lobbying dollars for the decade, according to the Center for Responsive Politics.
"That meant campaign money for many Democrats, and even more Republicans, in the House and Senate. The campaign cash cracked the $10-million mark a while ago."
"http://www.npr.org/templates/story/story.php?storyId=94394609
I will be really suprised if we don't see the same thing happen as we did after the S&L bailout. The same players came back in and bought up the defaulted properties for pennies on the dollar and resold them for huge profits. One of them was named Bush.
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