Fannie Mae, Freddie Mac to delist shares from NYSE (Breaking)

WaPo/AP ^ | 6/16/2010

[SonOfDarkSkies]

Government-sponsored mortgage purchasers Fannie Mae and Freddie Mac plan to delist their shares from the New York Stock Exchange.

[freekitty]

If they would hold these people accountable it would a start. I know they are being bribed and stealing us blind.

[chuckles]

BTW, keep your ears pricked up for the name "Frank Raines". He makes Bernie Maddoff look like a piker. Maybe some day he will be in prison, but for now he is an economic adviser for Obama. If you go to YouTube and do a search for "Burning down the house" you will find many video's depicting Raines and the investigations Bush and McCain tried to get on Fannie and Freddie. Anybody that questioned the book keeping of Fanny was called "Racist". (Raines is black) Shortly thereafter Fanny had to go back 5 years and restate their earnings( as a loss) and Raines retired with $90 million. This is where Barney Franks told the camera that Fannie and Freddie were sound and a good investment. A couple of weeks later, they collapsed and had to be bailed out with tax money to stay open.

This makes ENRON look like tiddly winks, but everyone seems to just keep their mouth shut so they won't be racist for pursuing a black man that swindled America. Congressman Meeks even called it a lynching. I guess we can't have that, so Raines gets to keep his $90million,( remember the "clawbacks") and of course he's not in jail, aka Madoff.

[GOPJ]

Thanks for the ping.

[DTogo]

As an original series Trek fan, that’s why I’ve been using it. Their cloaking device is beginning to fail...

[mewzilla]

Andrew Cuomo and Fannie and Freddie, How the youngest HUD secretary caused the mortgage crisis

Guess who's running for NYS gov...?

[IGBT]

can we throw their mgmnt.in jail along with barny frank?? is he still “in charge” of banking??

[CPT Clay]

Bawney Frank, Chris “Countrywide” Dodd, Franklin Raines and Jamie Gorelick should all be crucified for this.

[CPT Clay]

Great Post! Thanks

[CPT Clay]

Begs the question, everytime Bawny speaks in public, someone should follow him around like Macaca did to George Allen. They should have a sign that reads “ Who is Herb Moses?”

[CPT Clay]

Culture of Corruption?

[b4its2late]

I thought once they went that low, they had to leave? Who knows.

[John S Mosby]

Calling Jamie Gorelick and Franklin Raines— have you sold your shares yet? You betcha!

[Crim]

AGW..the greatest scam in the history of the world.

[Deo volente]

Excellent, concise summary of the problem! I disagree only with one part:

“The president and the congress have NO CLUE how to grow a capitalist economy...”

I don't know about the Congress, but I believe the president has NO INTENTION to grow the economy. The only intention I can discern is to acquire more governmental control over every aspect of the economy.

[mkjessup]

Obamulans sound amazingly like the Romulans of Star Trek (TNG)! That is a good word for the whole gang of Obama! Thanks, I am going to use that word for them from now on.

With 0bama's ears, I had him tagged for a failed Ferengi.

[cranked]

...before they get rated as “junk”....=.=

[Ulysse]

PING

[hoosiermama]

Hang her!

[SatinDoll]

PING

[azkathy]

Wondering what this will mean to America and her future?

See post above that references “Greece” moment.