Begin forwarded message:
From: [EMAIL PROTECTED]
Date: July 23, 2008 9:28:16 AM PDT
To: [EMAIL PROTECTED]
Cc: [EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED]
Subject: Bail-Out of Corrupt/Mismanaged Fannie Mae & Freddie Mac
Billed to Taxpayers
**RED ALERT** RAPE BY CONGRESS IMMINENT
http://market-ticker.denninger.net/archives/525-RED-ALERT-RAPE-BY-CONGRESS-IMMINENT.html
Henry Paulson is about to be given an $800 BILLION dollar blank check
in the form of an increased Federal Debt Ceiling which he can spend on
Fannie Mae and Freddie Mac IN ANY WAY HE CHOOSES, INCLUDING BUYING THE
CRAPPIEST LOANS THEY HAVE AND STICKING A 100% LOSS --$800 BILLION
WORTH-- ON YOUR TAX BILL.
A huge percentage of the debt issued by Freddie and Fannie - about
$1.5 trillion worth - is held by foreign central banks. Paulson is
proposing to bail out the Chinese and Japanese governments with our
tax money!
http://www.whatreallyhappened.com/
Posted Jul 23, 2008 08:34 AM PST
Category: ECONOMY
The US Government keeps foreign investment inside the US with a
promise that no matter what bone-headed choices the country-club MBAs
running our corporations make, the US taxpayer will be forced to cover
the losses. That promise was demonstrated during the S&L Debacle of
the late 80s and early 90s (from which sprang the whole Whitewater
mess), in which deposit accounts, many of them linked to the Iran-
Contra drug running operations, were refilled on the backs of you the
taxpayer.
And if you let them, they will do it again.
"If people ever found out what we've done, we'd be chased down the
street and lynched." -- George H. W. Bush, cited in the June, 1992
Sarah McClendon Newsletter
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