[Leisler]

One thing that started this was the 1992 Federal Reserve Bank of Boston's report on ‘redlining’, where local banks wouldn't lend to people with out jobs, in high crime, low collateral neighborhoods.

The Boston Fed Bank proposed like good little social planners and general all around Masters of the Universe that, basically, banks should be forced to lend.

This was in 1992.

The head of the Federal Reserve Bank of Boston was Richard Syron, long time Democrat donor.

Flash forward to today, 16 years later.

Richard Syron was fired a month ago as the head of Freddie Mac, where in two years he managed to pull down 20 million dollars in compensation.

Nice, eh?

[Grampa Dave]

There are probably hundreds of stories like this on various levels of fraud while getting a pay check and more from Freddie Fraud and Fannie Fraud.

Thanks.