Did Fannie Just Bailout Bank Of America?

Video - Reason Foundation's Anthony Randazzo on the Alyona Show - Sep. 14, 2011

We covered this story last month in detail here:

• Bank Of America's Backdoor Bailout - Dumping Mortgage Trash Onto Taxpayers Via Fannie Mae

Another stealth mini-TARP courtesy of Fannie Mae.  It was a liability dump above all else, but Fannie won't disclose details, so we're not sure exactly how deep it extends beyond the $500 million purchase price, though we are certain it was a ripoff for taxpayers, given the fraud to be found within the $73 billion pool of mortgages you are now responsible for.

Comments

[DailyBail]

Economic crisis in 'dangerous new phase': IMF chief

http://www.activistpost.com/2011/09/economic-crisis-in-dangerous-new-phase.html

[TR]

Glad George W. Obama is continuing the Republican Social Program for the ELITE. Maybe he will cut CORPORATE TAXES to ZERO. LMAO #^$!@*>?$&

[Dennis]

Incredible stuff! How can this still be happening? Isn't anyone upset yet? I can't take it anymore!

[TR]

@Dennis

RIGHT ON!!!!