HERITAGE/FOUNDRY, 10/22/2010 - $154 billion. That is the amount of taxpayer money that will be needed to bail out Fannie Mae and Freddie Mac according to a new "stress test" performed by the Federal Housing Finance Agency. And that is the good news. If the economy dips into a second recession and foreclosures rise, the Fannie and Freddie bailout could nearly double in size. The agency, which oversees Fannie and Freddie, released the numbers "to inform public debate about the future of the two companies" ahead of expected Obama administration proposals slated for early next year. But if you are hoping for major policy changes from this administration, don't hold your breath. Read more at the Foundry...
Friday, October 22, 2010
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I wrote about corporatism recently on my website.
ReplyDeleteIt all started to go down hill when Corporations became protected under the Bill of Rights and the 14th amendment as “Natural Born Citizens” this gives them the right the petition the government and all other rights of an individual citizen.
It was not always like this, i go into much more detail in my article here:
http://www.upfordebate.us/story.php?title=corporate-america-the-real-enemy-of-the-state-1
I take an early look at the history of corporations in America and give a few different examples from the modern era. I thought you might want to take a look at this. Thanks for the good read.