fannie mae

Back in 2008, when it was the End of History (but really this time), the American mortgage giant Fannie Mae took $116.1 billion from the government (“you”) in exchange for a nice promise that they’d fuck us twice as hard if they didn’t get it. Some people didn’t like it! But this was a time […]

Good news, everyone! Romney/Ryan have no specific plans to ruin the housing sector at this point, which is probably a good thing, given that Mitt Romney has been pretty clear about his interest in ruining education and Paul Ryan has a very specific plan to ruin Medicare and Medicaid. So let’s just all respectfully disagree […]

Oh HI, 31.4% of homeowners that are underwater on their mortgages! Would you like to change your name to Freddie Mac or Fannie Mae, or perhaps even just “bank”? Because if not it is too bad and so sad for you, since the Fannie Mae/Freddie Mac regulator just said no WAY hozay to a plan […]

In a speech at a rally for the National Association of Home Builders last Thursday, posing in front of an unbuilt home that no one will ever buy because no one can get a mortgage, alleged fiscal conservative Newt Gingrich argued on behalf of home ownership and government support of it, and in the process […]

Whoops! It is apparently Not Okay as of “since Occupy Wall Street started” for the sadistic owner of a foreclosure mill to openly mock the struggling families it makes truckloads of money throwing out of their homes by forcing its employees to costume themselves as homeless people for Halloween, so Fannie Mae and Freddie Mac […]

One of the richly ironic centerpieces of sparkly welfare princess Michele Bachmann’s garbled mind is a dogged conviction that recipients of federal monies are generally freeloading layabouts with not enough Protestant Work Ethic, angry white people code for “not enough melanin,” even though Michele is also predictably a constant recipient of dirty, sexy taxpayer funds. […]

Earlier this year, leading House Republicans proposed to privatize mortgage giants Fannie Mae and Freddie Mac or place them in receivership starting in two years. Now, as Republicans prepare to assume control of the House next week, they aren’t in as big a rush, cautioning that withdrawing government support in the housing market should be […]

Those lousy Greeks/Europeans, how can they spend so much money propping up their failed economy and jobless cretins and mountains of bad debt? Don’t they have capitalist scruples or whatever? Oh yeah, and America’s government-run mortgage hander-outer, Fannie Mae, needs another $8.4 billion to get through next week maybe, things have been sort of tough, […]

So, uh, the economy doesn’t seem to be doing much, uh, better. The S&P 500 is back down to 1997 levels. 1997! Everybody’s losing their jobs, if they still have jobs. Some are suggesting it will not even be a Merry Christmas, and that the real (Muslim) Jesus is sort of getting a kick out […]

You may recall the second question from Tuesday night’s town hall debate from a young black fellow named Oliver Clark. Clark asked the candidates what the bailout package does for the Average American. McCain responded by attacking Obama for not regulating Fannie Mae and Freddie Mac — it was his ONE JOB AND HE BLEW […]

GOOD SWEET JESUS GOD MAN!  3:54 pm September 22, 2008

by Jim Newell

THE BLACKS DID IT: Speaking of Neil Cavuto, here he is blaming the entire financial crisis on Fannie & Freddie loaning to “minorities and risky folks.” Why did Michael Steele Barack Obama lock into mortgages he couldn’t afford? [Media Matters]

Staunch conservative baby harvester Rep. Michele Bachmann sez: “First we were told that Bear Stearns was too big to fail, then we were told that Freddie/Fannie were too big to fail, then we were told that AIG was too big to fail. What’s next, Starbucks too big to fail?” Ha ha ha, oh heavens, we […]

SNOWBILLY MELTDOWN  2:21 pm September 8, 2008

by Ken Layne

WHAT’S ALASKAN FOR ‘IGNORANT’? Asked about the housing collapse and emergency government takeover of mortgage giants Fannie Mae and Freddie Mac, Sarah Palin said they had “gotten too big and too expensive to the taxpayers.” Both are private corporations — or were until they were bailed out over the weekend by the Bush Administration and, […]

METRO SECTION  7:19 pm March 27, 2007

Metro Section: Butt City

by Ken Layne