RadioBanter - (OT) : Democrats Pelosi & Reid About to Give Billions of Taxpayer $$$in Corporate Welfare to Bailout Mortgage Companies

On Sep 5, 7:59*pm, wrote:
Where is the outrage of all your CONservative "free market"
Republicans that dominate this newsgroup? Will your heroes - gasbags
Limbaugh, Hannity, Beck, and all the other right wing talk radio
screamers devote their shows denouncing this blatant SOCIALISM?

Of course not. Like you, *they are shallow partisan hypocrites
pandering to lemmings with IQ's of rat terriers. Or are you too busy
denouncing single mothers who receive $180 in food stamps to feed
their children while working two jobs?

WASHINGTON (AP) -- Fannie Mae and Freddie Mac are expected to be taken
over by the government as soon as this weekend in a bold move designed
to protect the mortgage market from the risk the companies could fail,
a person briefed on the matter said Friday night.

Some of the details of the intervention, which could cost taxpayers
billions, were not yet available, but are expected to include the
departure of Fannie Mae CEO Daniel Mudd and Freddie Mac CEO Richard
Syron, according to the source, who asked not to be named because the
plan was yet to be announced.

Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry
Paulson and James Lockhart, the companies' chief regulator, met Friday
afternoon with the top executives from the mortgage companies and
informed them of the government's plan to take over the troubled
companies in a process known as conservatorship.

The news, first reported on The Wall Street Journal's Web site, came
after stock markets closed. In after-hours trading Fannie Mae's shares
plunged $1.70, or 24 percent, to $5.34. Freddie Mac's shares fell 95
cents, or almost 19 percent, to $4.15.
*http://biz.yahoo.com/ap/080905/mortg...ts_crisis.html

AWS - Another Democrat Lie and Liberal Distortion :
Point-of-Fact : Bush Can Not Do Jack **** [.]
- - - With Out The US Congress and the US Congress
Hasn't Done Jack **** for Two Years since the 2006
Elections when the Democrats took control of both
Houses of Congrees Lead by Pelosi and Reid.

First - It will take an Act of the US Congress both the House
and Senate before Bush 'could' Sign any Bill into Law.

That would be the US House that is Controlled by the
Democrat Party and Lead by Nancy Pelosi (D-CA).

A True and Correct Subject Line would Read : Democrats
Pelosi & Reid About to Give Billions of Taxpayer $$$ in
Corporate Welfare to Bailout Mortgage Companies

* Nancy Patricia D'Alesandro Pelosi : Democrat-California
http://en.wikipedia.org/wiki/Nancy_Pelosi

That would be the US Senate that is Controlled by the
Democrat Party and Lead by Harry Reid (D-NV).

* Harry Mason Reid : Democrat-Nevada
http://en.wikipedia.org/wiki/Harry_Reid

IMPEACH PELOSI and REID
http://www.freerepublic.com/focus/f-chat/2047008/posts