Free Republic 4th Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $72,386
89%  
Woo hoo!! And now only $514 to reach 90%!! Thank you all very much!! God bless.

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  • Timothy Geithner Meets Vladimir Lenin (unlimited Fannie and Freddie bailouts)

    01/04/2010 1:42:12 PM PST · by reaganaut1 · 3 replies · 509+ views
    Hussman Funds ^ | January 4, 2010 | John Hussman
    “The best way to destroy the capitalist system is to debauch the currency.” Vladimir Lenin, leader of the 1917 Russian Revolution Last week, while Congress and the nation were preoccupied with the holidays, the Treasury made a Christmas eve announcement that it would be providing Fannie Mae and Freddie Mac unlimited financial support for the next three years. The Treasury's press release notes: “At the time the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship in September 2008, Treasury established Preferred Stock Purchase Agreements (PSPAs) to ensure that each firm maintained a positive net worth....