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FannieGate: Obamacare Looting Scheme by diverting Fannie and Freddie Funds
Living Lies Web Blog ^ | 5/2/17 | Neil Garfield, Esq.

Posted on 05/03/2017 8:49:49 AM PDT by RideForever

"An examination of the Treasury Department’s balance sheet for Fiscal Year 2013 documented how the Obama administration diverted billions of dollars into Obamacare that Treasury confiscated from Freddie and Fannie earnings."

(Excerpt) Read more at livinglies.wordpress.com ...


TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS: fannie; fhlmc; fnma; freddie
The end of the article is best. Instructions to de-fund the ACA the same way Obama 'funded' it, by EO. Then watch it implode as no further money for subsidies comes from illegally seized funds.

Maybe Garfield would like to be invited to the legal team suing Obama for return of funds that can be allocated to building the wall.

1 posted on 05/03/2017 8:49:49 AM PDT by RideForever
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To: RideForever

Obama felt free to rob and pillage our tax money because he was so much smarter than us grubby drones who had to earn it, and he needed it for his Socialist agenda.


2 posted on 05/03/2017 8:53:22 AM PDT by txrefugee
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To: txrefugee

He never thought he would get caught because Hillary was a sure thing.


3 posted on 05/03/2017 9:08:23 AM PDT by Sasparilla ( I'm Not tired of Winning)
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To: txrefugee
Because clearly Obamacare was not viable from the beginning and it would have collapsed years ago.
4 posted on 05/03/2017 9:09:06 AM PDT by dhs12345
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To: RideForever
I wonder if this is a bargaining chip for Trump?

By EO edict, he can effectively kill Obamacare.

Trump can issue EOs in a second, but getting Congress to repeal and replace seems impossible.

5 posted on 05/03/2017 9:12:28 AM PDT by dhs12345
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To: Sasparilla; RideForever; txrefugee

Stealing money in every corner of our government. Read on a different FR thread yesterday about how they were diverting SSI funds (probably fake accounts / illegals) to some bank in South America somewhere.

Add this up and this corrupt X-POTUS and his entire crew are disgusting and criminal.

And Congress is ok with this. Makes us all broke. And zippy has spouted a zillion times. Rich need to pay their fair share. Fair share this, buddy. We work - he scammed us and congress was complicit.

So....... now we see a budget go through that most of us could barf at. So, seriously, does this mean congress critters getting kick backs? gee say it isn’t so.


6 posted on 05/03/2017 9:16:55 AM PDT by WaterWeWaitinFor ("We will be one people under one God, saluting one American flag". DJT 9/12/16)
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To: dhs12345

While it is getting worse 0bamacare today is more or less stable. Down the road, as it becomes apparent that 0bamacare is collapsing, many politicians on both sides of the aisle will be more willing to compromise. Trump only needs to wait them out...


7 posted on 05/03/2017 9:24:05 AM PDT by MichaelRDanger
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To: MichaelRDanger
So funding is not an issue? I thought that the Insurance Companies were getting out.

And the rates continue to climb.

BTW, I am one of the victims of Obamacare and we are holding our breath, biding our time. But we can't hold on much longer. And the longer it lingers, the harder it will be to change — characteristic of an entitlement.

8 posted on 05/03/2017 9:31:04 AM PDT by dhs12345
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To: WaterWeWaitinFor

“Add this up and this corrupt X-POTUS and his entire crew are disgusting and criminal.”
Both those institutions (Fannie/freddie) are totally corrupt......

Recall Franklin Raines multi million $ bonus? Jamie Gorelick’s same big bucks...(Jamie now one lawyer defending the Donald’s son-in-law?)
Can’t recall however the PUBBIE who loved them so well from long ago who made sure his friends all also benefited from the fiscal shenanigans there....Jack Kemp ??

We might never have experienced the joys of ACORN’s inner city activism that steered countless subprime borrowers to loan originators flush with billions upon billions in cash from Freddie and Fannie.

Kemp’s housing initiatives were designed to increase home ownership in the inner city. Both were all but ignored in budget discussions in congress under George H. Bush. Instead, the tremendous energy for home ownership in the inner cities took other forms. Instead of a Bush second term in which Kemp as the Secretary of Housing and Urban Development might get another chance at allowing the citizens of the inner cities to own and renew their neighborhoods, President Bush’s failed reelection led to America’s “first black president”, Bill Clinton.

All 535 Princes of the UNIVERSE need to be retired every 4 years !!


9 posted on 05/03/2017 9:41:07 AM PDT by litehaus (A memory toooo long.............)
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To: litehaus

Yes, I remember Gorlick and the inner city forced loans.

Those folks could NOT afford a home loan, they were never expected to pay it off. All in the name of racist. So disgusting that all this goes on right under our noses.

Those of us political junkies can follow dear Jamie Gorlick through all types of wreckage including “wall between FBI and CIA” wasn’t it? She made millions over the years. Her arrogance ranks up there with Loretta Lynch, Susan Rice, Lois Lerner, et al.

Sick, I tell ya.


10 posted on 05/03/2017 10:14:00 AM PDT by WaterWeWaitinFor ("We will be one people under one God, saluting one American flag". DJT 9/12/16)
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To: RideForever

Confiscate the Democrats Bible.


11 posted on 05/03/2017 10:17:58 AM PDT by Vaduz (women and children to be impacted the most.)
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To: Sasparilla

Get caught!? He and his team of nihilists will twist the truth however they please and the Congress who likes a Welfare State will do absolutely nothing. This is peanuts compared to $6 billion to Hillary at State and the unmarked American dollars to the killers in Iran.


12 posted on 05/03/2017 10:24:06 AM PDT by The Westerner (Protect the most vulnerable: get the government out of medicine and education!)
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To: RideForever

This is a blog, right? Doesn’t it belong in “bloggers?”


13 posted on 05/03/2017 12:20:49 PM PDT by LouAvul (The most High ruleth in the kingdom of men, and giveth it to whomsoever he will.)
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