Now that the election is over, and Barry is safely on his way to the White House, it’s time to bring the top executives from Fannie and Freddie up to capital hill to try and show the people of America that congress really is on your side. I’m sure it would have been to much trouble to do it before the election, oh wait, Franklin Raines was to busy as an economic advisor to Barry.
Four former CEOs of Fannie and Freddie are scheduled to testify Tuesday. One pair, Fannie Mae’s Franklin Raines and Freddie Mac’s Leland Brendsel, were both ousted after accounting scandals. The most recent pair of former top executives, Fannie Mae CEO Daniel Mudd and his counterpart at Freddie Mac, Richard Syron, were removed from their jobs this year after the government takeover.
It would be infuriating if it wasn’t so funny. These jokers in congress, are honestly pathetic. They have no idea how they look to the average American; condescending, elitist, snobbish, to smart for their own good. Congress is really just a large group of jackasses fighting over the same plot of grass.
And of course the media has to try and save their credibility, what with the Tribune filing chapter 11, the Times mortgaging off their building, etc…. they are going to start reporting, little by little, the truth of what really happened with this whole financial crisis. Let me give you an example from the same story.
The Bush administration and former Federal Reserve Chairman Alan Greenspan long sounded the alarm about the potential threat to the nation’s financial health if the fortunes of the two mammoth companies turned sour. source: AP
Did the Associated Press just give the Bush Administration credit for warning about what would happen if Fannie and Freddie went down? It’s going to be like the twilight zone. I only hope Barney Frank gets to grill the Fannie execs- sorry for the mental picture.