18 Brumaire has neglected anal hair stylist supremo & US secretary of the treasury Henry 'Hank' Paulson and bathroom attendent & US Fed chief Ben Bernanke for too long. Finally these blockheads are acting to rescue Fannie Mae and Freddie Mac from mismanagement and possible malfeasance as the subprime mortgage failed Ponzi scheme deepens and saps the very foundations of Milton Friedman economics which have put free wheeling market capitalism at grave risk at home and abroad. Like the rescue of Bear Stearns in March, these thieves work at night, and so today a Sunday, they're going to nationalise again two semi private entities which have fed largely at the public's tax trough. Why has it taken so long? 18Brumaire won't go into a long discussion on the matter, suffice it to say that these two flunkies of a failed Herr Bush first had to open the public coffers to prop up the very greedy investment banking community which thought of the 'sophisticated' financial instruments which made that big bucks, and at the same time deflect any criticism of the lax oversight of the Fed especially during the long reign of toilet bowl cleaner and camp follower of unbridled, unchecked free markets capitalism Alan Greenspan [who instead of basking in his reputation and failure should be behind bars!].
Now, once the big boys can milk more recklessly the public's monies, these two dim lights need to take care of free wheeling Fannie Mae and Freddie Mac. So the shareholders of these two mortgage entities will get us$0,10 on the Yankee dollar if at that, and the heavily tax burdened middle and working classes will have to should a debt that only an Atlas can shoulder! Oh the big boys, well, they've feathered their own nest thanks to Herr Bush's tax cuts which favour this foul smelling rotten corpse of failed free market capitalism and which also benefit the bloodsucking rich who deserve the cart to the guillotine than a house in the Hamptons or Palm Beach or Palm Springs! Of course the people with foreclosed houses and unable to make mortgage payments are going to be blamed for imprudence, not the unindicted criminals at the big banks and among Herr Bush's entourage who conned them into buying without a pot to piss in and sold them pie in the sky dreams.
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