Fannie Mae abandons hope of protecting taxpayers or returning to profitability
by tdaxp ~ May 8th, 2009
Instead, Fannie Mae is repudiating the goal of limiting the Treasury’s exposure, and instead is asking for $19 billion to subsidize people barely able to afford houses.
The Obama Administration is favorable to welfare receipients — both rich and poor — because unlike the middle class, welfare recipients are already trained to do what the government wants them to do.
The New York Times uses top 1% of income, not wealth. From the legend:...