RSS Feed
Twitter
Facebook
Email
HomeTime for an Independent Audit of Freddie Mac
Posted by Larry Doyle on November 3rd, 2011 3:20 PM |
On December 24, 2009 President Barack Obama and Treasury Secretary Tim Geithner provided a blank check to the wards of the state known as Freddie Mac and Fannie Mae. I highlighted that ‘Christmas’ gift in writing at the time, Fannie and Freddie’s Huge Christmas Bonus.
That blank check runs throughout 2012. Do not think for a second that the administration will not keep adding zeros to this check throughout next year. Why do I make that assessment?
Well, let’s review the fact that today Freddie announced a third quarter 2011 loss of a mere $6 billion!! What is behind this loss of our American taxpayer funds? (more…)
