"Henry M. Paulson Jr., the Treasury secretary and the plan’s architect, said: “If you’ve got a squirt gun in your pocket you may have to take it out. If you’ve got a bazooka, you may not have to take it out. By making it unspecified, it will greatly expand the likelihood it will not have to be used.”"
Hey, what is ONE MORE LIE, right, America!!!
"Lawmakers reach deal on Fannie, Freddie rescue; Frank says House could vote today" by Brian Faler, Bloomberg News | July 23, 2008
WASHINGTON - US lawmakers reached agreement on a rescue plan for Fannie Mae and Freddie Mac that the House may vote on today, Representative Barney Frank said.
A Congressional Budget Office estimate released yesterday put the cost of Paulson's plan at $25 billion. Paulson, who proposed a rescue program on July 13, reiterated yesterday the plan is aimed at restoring investor confidence in the two companies.
You know, the IMPORTANT PEOPLE!
Fuck the rest of you, Joe Six-Pack and Jane Wine-Cooler!!!!
Lawmakers wrapped the plan into a housing bill that would create a program aimed at helping an estimated 400,000 people with subprime home loans refinance into 30-year, fixed-rate mortgages backed by the government. The legislation includes tax breaks to help prop up the housing industry.
Even when it is FOR YOUR BENEFIT, America, it REALLY IS NOT!
An this scenarios played out time and time again.
Americans, your assholes must be the size of the Grand Canyon now from all the screwing you are getting!
Thanks, Barn!
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Also see: The Fannie Mae and Freddie Mac Failures
