SwiftVets.com

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30 Billion and Counting-Fannie Mae and their Lefty Friends

It amazes me how this country can continue to function with Leftist criminals running the media with the help of Leftist companies and those they support. Things are about to hit the fan in the real estate market which is going to exasperate an already grim situation that the Leftist media continues to ignore so their leftist friends can keep looting our money. The biggest bailout in financial history is looming which all of us are going to have to pay for. That's right boys and girls, all of us are going to have to pay for all of those Leftist Terrorist Organizations who have been receiving support from America's biggest Home Lending giant with such a sweet name, Fannie Mae. I am sure that after we get the their bill, we will finally realize why they are called Fannie Mae because they are going to give it to all of us right up that Fannie. To add insult to an already painful Fannie, all of those Lefty nut jobs and Organizations will be right next to them laughing as they stick it to us.

This is an outrage that continues without a single word from our media or our government for that matter. Fannie Mae has already disclosed an 11 Billion dollar error which surpasses Enron, but unlike Enron which still makes headlines, not a peep about Fannie Mae. In the meantime, let me show you a list of organizations that our upcoming bailout has supported.

From Discover the Network

Among the recent recipients of Fannie Mae philanthropy are: [b]the National Council of La Raza; the Tides Center; the Tides Foundation; the National Association for the Advancement of Colored People (NAACP) Legal Defense & Education Fund; the Mexican American Legal Defense & Education Fund (MALDEF); the Association of Community Organizations for Reform Now (ACORN); the Children's Defense Fund; the National Urban League; and the Center for Community Change, the American Civil Liberties Union (ACLU) Fund of the National Capital Area; the Brookings Institution; the Urban Institute; Global Rights; Women Empowered Against Violence (WEAVE); the National Organization for Women (NOW) Legal Defense and Education Fund; Alliance for Justice; the National Committee for Responsive Philanthropy; Planned Parenthood; the Institute for Policy Studies; the National Council of Negro Women; the National Black Caucus of State Legislators; the National Women's Law Center; the Lawyers Committee for Civil Rights Under Law; the National Alliance to End Homelessness; the Organization for a New Equality; the Congressional Black Caucus Foundation; the Southern Christian Leadership Conference; the National Association of Latino Elected Officials; the National Conference for Community and Justice; Mi Casa My House; the Center for Policy Alternatives; the Multicultural Career Intern Program; the Washington Legal Clinic for the Homeless; the National Immigration Forum; the Congressional Hispanic Caucus Institute; the African American Institute; Latin American Association; WAGES International - Womens Alliance; the National Organization on Disability; the Women's Legal Defense Fund; the Gay & Lesbian Community Action Council; the International Human Rights Law Group; the Legal Aid Society; the National Association for Public Interest Law; the National Legal Aid & Defender Association; the National Political Congress of Black Women; the Conservation Law Foundation; the Calvary Bilingual Multicultural Learning Center; Peoples Self-Help Housing (illegal aliens); the Hacienda Community Development Corporation; Equal Justice Works; East L.A. Community Corporation; the Center on Budget and Policy Priorities; the Lao Family Community Development; the Resurrection Project; the League of African-American Women; the Black Womens Agenda; the See Forever Foundation; the Cesar Chavez Public Policy Charter High School; the Coalition for the Homeless; Social Compact; Proyecto Azteca; the Greenlining Institute; the Empowerment Foundation; the National Fair Housing Alliance; Earth Conservation Corps; the New York Immigration Committee; the Progress and Freedom Foundation; Asian American LEAD: Leadership, Empowerment and Development for Youth and Family; the Center to Prevent Handgun Violence; the Fifth Avenue Committee; the Anti-Defamation League; the Alliance for Fairness in Reforms to Medicaid (AFFIRM); the Green Institute; Parents, Families, & Friends of Lesbians & Gays (PFLAG); the Council of Latino Agencies; the Citizenship Education Fund; the District of Columbia Appleseed Center for Law and Justice; the Empowerment Network Foundation; the Conservation Fund; Catalyst for Women; Demos: A Network for Ideas and Action; the African American Women's Resource Center; and the AIDS Action Foundation.


When the ^&*# hits the fan, I am going to call every member of Congress and tell them to let Fannie Mae die a painful death and there shouold be no bailout. Enough is enough, it will be bad enough that our entire economy will suffer from the news and give more reason for the international investors to pull out of America. Who could blame them? I would like to see how a company that is in a business that guarantees a profit is going to explain this gross accounting error. I think I just explained it and to me it looks like it was done on purpose. The goal of Fannie Mae id to financially hurt The United States of America. By the way, guess who holds all of those Fannie Mae notes...China!!

SBD

Read the article for the basis of my post
Networks Ignoring the Coming Fannie Mae $11 Billion Bailout

[GM Strong]

Why is Fammie Mae giving out money in the first place? When did it become a charity for the left?
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8th Army Korea 68-69

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In 1968, Fannie Mae became a private company operating with private capital on a self-sustaining basis. Thus it is no longer a government agency, though it continues to purchase mortgages from lenders in the same manner as it had done before. The difference is that it no longer uses government money to do so, but rather uses its shareholders' money.

In 1979, the Fannie Mae Corporation's Executive Committee established the Fannie Mae Foundation with a $600,000 seed endowment for the purpose of making charitable contributions aimed at improving the quality of life for the people of Fannie Mae's hometown, Washington, D.C. The foundation's stated focus is to expand home ownership, particularly in low-income and minority neighborhoods. The foundation reports that as of October 2004, it had provided more than 15 million people with "free, step-by-step home-buying information to help them achieve the American dream of home ownership." The Fannie Mae Foundation offers home-buying guides that outline the basics about owning a home, borrowing money, and choosing the best mortgages for one's own circumstances. One such publication, titled the New Americans Guide, provides information on the home-buying process for immigrants in America.

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FROM DISCOVER THE NETWORK