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And There's More Outrageous News on Fannie and Freddie

By
Real Estate Agent with Realty ONE Group Mountain Desert DRE #SA554748000
I got this today from Brent Bozzel's organization, The Media Research Center.  If you are not familiar with this group, they are media watchdogs. I believe they are the best there is in holding the mainstream media accountable for their GROSS BIAS in "reporting."

And There's More Outrageous News on Fannie and Freddie

In the wake of news that the Obama administration approved $6 million in bonuses and deferred compensation for executives at Fannie Mae and Freddie Mac on Christmas Eve, MRC’s CNSNews.com recently reported that 70 irate Congressmen sent a letter to Treasury Secretary Timothy Geithner demanding he cancel the massive bonuses for these government-run organizations.

The letter states, “Awarding lavish pay packages with hefty bonuses to government owned entities while still lacking a comprehensive plan for reform demonstrates a disconcerting lack of judgment on the part of the Treasury Department and the Federal Housing Finance Authority.”

Click to see the full CNSNews.com report.

But it gets worse …

In addition to their Christmas Eve gifts, Fannie Mae and Freddie Mac are getting other preferential treatment from the government. They are exempt from newly proposed “bank tax” designed to recoup money that the Treasury Department said was lost through the Troubled Asset Relief Program (TARP). This, despite the fact that over $110 billion in taxpayer money has been given to these two organizations.

Read the complete CNSNews.com story.

Despite the so-called “news” media’s refusal to cover these kinds of stories, the MRC is committed to bringing them to you. Our dedicated staff of analysts, reporters and bloggers work around the clock to provide you with truthful insights that are consistently being ignored by the liberal media.

To stay on top of all the stories the liberal media don’t want you to hear, sign up for CNSNews.com’s daily E-Brief newsletter by clicking here.

I signed up for their newsletter. They put up good stuff!

Delaware Junk Removal Residential And Commercial Hauling Clean Outs
Delaware Junk Removal 302-530-9186 - Wilmington, DE
Whole House Clean Outs, Basements, Garages, Attics

Good job John, yet another example of how 2 faced obama is.

Jan 26, 2010 01:19 PM
Kevin Robinson
Twin Falls, ID
Fractional Developer

Featured in Tea Party!

Jan 27, 2010 12:06 AM
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Obama is partial to back room midnight deals to keep his pals in the money.

Jan 27, 2010 03:42 AM
Dale Terry
Yadkinville, NC

Unfortunately, there is not enough good and honest reporting in Washington DC.  The media there has been bought and paid for.

Jan 27, 2010 11:35 PM
Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

Whatever happened to the media mantra that they were the "4th" leg of government, holding our representatives accountable? 

Bottom line is Everyone is promoting an agenda.

Jan 28, 2010 04:26 AM