Could this be a means of writing off mortgages for DNC supporters, allowing them to funnel more cash back into the party?
Perhaps we are being too harsh on the likes of Barney Frank and other GSE proponents. Adopting a slighty more relativistic economic morality, we might count Frank as one of the greatest legislators of all time. Consider: To the extent Mr. Frank and his ilk (that would be Senate Banking Committee Chairmen Paul Sarbanes and now Christopher Dodd) self-identify as advocates for low-cost housing for those ill-able to afford it, or beset by poor credit, the last 20 years have represented the largest single wealth transfer (composed primarily of real estate and flat screen TVs) to that sector known to us.
... Of course, had they simply proposed such a measure in Congress it would have been laughed from the chamber. And yet, it almost seems as if these individuals simply wrote a multi-trillion dollar check to their constituents that happened to be drawn on the United States Treasury.
Which they did.
Why isn’t there a clawback from those in place during this debacle.
Rahm, Gorelick, and assorted other obamao cronies?
It really is time to repeal all of FDR’s follies.
obama just recently railed at the banks saying he did not become president to deal with a bunch of “fat cat bankers”...
but he sure was installed to nurture a bunch of fat cat GSE managers (and there’s a contradiction in terms)
has the “Pay Czar” yet announced caps on the GSE salaries and bonuses? Where IS the “Pay Czar”? On vacation?
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