Freddie's dead

There’s something funny going on. Dems who profited from the mortgage meltdown are now demanding that the people who profited from the mortgage meltdown do not profit from the mortage meltdown.

B-HO has in his employ two thieving scoundrels who drove Freddie MAC into the ground while driving themselves to the bank with tens of millions of dollars in bonuses. Franklin Raines, who is a “sometimes” financial adviser to B-HO, looted Freddie for $100 million before being booted, made to pay a fine and return stock options. Raines’ buddy Jim Johnson, who headed up the B-HO VP search, looted Freddie $40 million. I guess for B-HO though Johnson’s looting of Freddie pales in comparison to his VP pick.

But wait there’s more. Barney Frank was lisping his way through a series of Sunday morning talk show interviews demanding that the government protect home owners as well as the banks. That’s the same Barney Frank who insisted that everything was fine a couple years ago when auditors found that Freddie’s books were being cooked.

If that weren’t enough to make your blood boil, Chris Dodd – who received more campaign money from Freddie than anyone – was echoing the sentiment that the home owners need to be protected as well and that managers who “caused the mess” shouldn’t benefit from the government intervention. President Clinton, Frank, Dodd and their Dem buds were the idiots who set up the sub-prime time bomb in the first place.

So I guess Dodd will be calling for Raines, Johnson and current Freddie miss-manager Mudd to return the millions they took from the Dem cash cow. Also, every pol who took even a dime ought to be made to return the money.

How did the whole mess get started? Worried that there was discrimination going on in the home loan industry, Wiley E. Dem (Pres. Clinton, Frank, Dodd et al) bought an ACME Sub-Prime Lending Scheme kit. Well it turns out there was discrimination going on in the home loan industry. In yet another case of "I don't know when discrimination got a bad name" - those bastards were discriminating against people who couldn’t afford to buy a home!

The Dems fixed all of that. Anyone who wanted a home loan was given one without regard for whether or not they could make the payments. When it turns out they couldn’t make payments, Wiley E. Dem comes down with both feet on the banks for screwing the “home owner” – an odd term for a guy who didn’t put ten cents down on “his home” and isn’t making payments.

Now the mortgage industry has blown up in Wiley E. Dem’s face and in the process has torched the banking industry, insurance industry and is threatening the entire economy. When the grown ups show up to clean up Wiley E.’s mess, he’s like a five year old with chocolate all over his hands and face swearing to mom he didn’t eat the last piece of chocolate cake. Then he shocks mom by brazenly demanding she bake another cake because the last piece has somehow disappeared.

Ya gotta give to the Dems though. Dems are like a grossly overweight guy with hair on his back in an impossibly tight speedo strutting up and down the beach grossing everyone out all the while thinking he looks good.