The Crooks Start In Washington, DC…
The crooks start in Washington, DC – we all know it. Fannie Mae & Freddie Mac are perfect examples. Why have they not shut these organizations down?
The crony capitalism in DC is the reason Wall Street gave out loans. Think about it, if you were in a business, let’s say, oh, I don’t know, selling hot dogs for a living; and the government said, sell as many hot dogs as you can, even to people who walk up to your hot dog cart and merely promise to pay you. Wouldn’t you just take the “promise” to pay you for the hot dogs? I mean, these people are hungry and deserve a delicious meal. Plus, you don’t have to worry because that promise to pay you is backed by the U.S. Government. I’d be handing out wieners to the people all day… that’s not greed (which by the way is, “for lack of a better word, good”) – that’s just avoiding being a moron.
Check out this short video on Freddie/Fannie: http://www.youtube.com/watch?v=rSokGrpCoWA