Stupid Spy Blog

With the central bailout now well happening and seeing that the battered huge “linchpin” mortgage enterprises of Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) will, with the help of the “provisional” increase of the compliant loan limits, the brazen lowering of their capital supplies and other even more work of fiction actions, ride to the rescue of the nation’s housing market!

Although who will rescue them when the time comes?

We presume you and me, our children and their children too…. It’s a real shame since these enterprises seemed to be doing so well recently, short of that stint in 2004 where Fannie Mae executives fleeced the company of over $100 million in fraudulent bonuses and the like…

Oh well, how’s another socialized bailout of private swindlers going hurt a country so deep in debt that dollar amounts on the order of billions just don’t seem to sting anymore… even trillions of dollars now seem a bit passé.