Fannie Mae and Freddie Mac are now married to you!
By Tony Logan
NOT MY TRIBE - 7/15/2008 11:40PM MDT - 2 Comments
Inflation went up by 9.2% over the last year, which makes it the worst 12 months of inflation since 1981. But not to worry, the Federal government has married you to Fannie Mae and Freddie Mac, 2 sick cousins from the Appalachian Mountains. You are now part of a triage, and ain’t that sexy? You have been made into trailer trash!
Yes, you have gotten kicked in the fannie by Uncle Sam, friend of Freddie, but not you. You’re bailing the couple out with your money! Don’t you just love it, too? Would Freddie and Fannie have helped you out? What about that asshole uncle, Sam?
Good luck, since you’re certainly going to need it. Strangely enough, 75% of Americans actually think the economy will get better in a few years. Are you that stupid? Well if not, 3 out of 4 of your neighbors sure are! They’re as irresponsible and out of it as Fannie and Freddie.
Now, let me tell you about Cousin John… He may be coming soon to stay around your house for at least 4 years? If not, Cousin Barack wants to give you a vacation in Afghanistan. He’s got a plan, too, for a big change. What more could we ask for?
Tags: Barack Obama, Economy, Fannie Mae, Freddie Mac, John McCainPosted: July 15th, 2008 under Perspective.
Comments: 2
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Comment from ncgary
(IP: 172.167.173.248)
Time: July 16, 2008, 2:38 pm
so lets see if we have this right, the feds bail out fannie and freddie so they will have enough left to repossess your mortgages ? why not just give every taxpayer a 100 grand amnesty toward their bills? the banks still get theres but the economy would recover because people could spend again
Comment from Jonah
(IP: 75.70.79.69)
Time: July 16, 2008, 7:17 pm
That would be 3 trillion right there err 30 trillion oh damn, now I’m too tired to do WhatIf mathematics…
Regardless of the exact number of zeroes, there wouldn’t be enough money to do any of it.
We can no longer claim virginity. Because we’re collectively screwed.
ever hear of dividing by Zero? physically impossible, that is.
But the only way of calculating the terms Infinite or Eternal.
As in, the infinite amount of resources it would take to make Capitalism actually work.
“I will gladly pay you 2 pieces of paper with numbers and pictures on them Tuesday for 1.5 pieces of paper with numbers and pictures on them Today.”
Eventually, you even manage to run out of worthless pieces of paper…
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