Posted by
Always To The Right on Monday, September 07, 2009 1:47:53 PM
American taxpayers have already bailed out Fannie Mae to the tune of at
least $45 billion, thanks to the congressionally-mandated purchase of
sub-prime loans and conversion to mortgage-backed securities that
poisoned the global financial markets and caused the current economic
crisis. Now American taxpayers will get to bail out the executives who
created the crisis by paying their legal bills.
That includes at least one executive who hasn’t worked for Fannie for
five years and left under a cloud of suspicion for fraud and corruption