Treasury removes cap for Fannie and Freddie aid

… this, may I remind you, is to save a company which, not two years after the Enron debacle, in 2004 was unable to publish its accounting books for a period of 18 months. That’s eighteen months. And back then, nobody thought something might be amiss…

http://news.yahoo.com/s/ap/20091224/ap_on_bi_ge/us_mortgage_giants_ceos_20

How much more blatant can criminal behavior get?

Oh and, by the way, … continuing the tradition of rewarding failure…

Fannie and Freddie CEOs to get up to $6M in pay

http://www.sltrib.com/business/ci_14066302?source=rss

…. tic, toc…. tic, toc….

Tags: bankruptcy, boondoggle, crisis, debt, deflation, fannie, fascism, fraud, freddie, politics, revolution, scandal, war, white collar crime