HTML clipboardYesterday Henry Paulson, United States Treasury Secretary, held a press conference at 11:00am EDT on a Sunday morning to tell us, the tax payers, we’re going to take over Freddie Mac and Fannie Mae and their $5.4 trillion worth of home debt - half the mortgage debt in the country. This was a well choreographed press conference, at 11:00am EDT Sunday morning when a large portion of the Eastern and Central U.S. were either in church or on their way to church and the folks out on the west Coast were still in bed or just getting up. In the meanwhile Republican Gov. Charlie Crist was holding a press conference at the very same time about hurricane Ike, what a coincidence.
Our government is potentially putting us $5.4 trillion in debt and they hold a press conference at 11:00 am EDT on a Sunday?
Well the good news is we don’t have to worry about the terrorist destroying the United states, because George W. Bush and his banking pals are beating them to the punch, oh by the way let’s don’t forget John McCain (the Keating Five ) or his son Andrew K. McCain .
Now you would think that someone would go to jail over this mess, but these folks have raked in some serious money. Fannie Mae CEO Daniel Mudd reaped a 7 percent rise in pay to $13.4 million in 2007 while the company lost $2.1 billion and its shared fell 33%. How would you like to have a job like that?
Using a pay-disclosure measure that the SEC prefers, which treats the value of stock and options differently, Freddie Mac chief Richard Syron ‘s pay for 2007 was $18.3 million , up 24% from 2006. That ain’t bad either.
It’s really hard to believe the conservatives are for socialized Health Care banking, but seeing is believing!
How about it Senator Mitch McConnell , are you a socialist?
Opinion:
OK, I’m pissed, folks like Andrew K. McCain, son of John McCain, in my opinion, are nothing more than greedy lazy ass slackers that sit on big bank boards, draw big pay checks and then expect us to bail their asses out when they screw up. That’s corporate welfare and these folks are the "baby mommas" of the 21st century. I suggest the lazy ass greedy slacker bankers like Andrew K. McCain have done more damage to the American economy than the terrorist they want us to focus on while they talk the Jesus talk and line their pockets with our money. That’s unpatriotic, I don’t give a shit how many "I support the troop ribbons" they have on the trunk of their cars!!
The latest bank to fail is Silver State Bank and Andrew K. McCain, John McCain’s son, sat on Silver State’s board in February and served on the audit committee, bank regulatory filings show. Andrew K. McCain, is also the chief financial officer of Hensley & Co., the beer distributorship of which Cindy McCain is chairwoman .
He resigned in July due to "personal reasons," the bank said. He previously served as a director of Choice Bank in Scottsdale, Arizona, from 2006 to April 2008 when Choice Bank merged with Silver State .
His involvement in the bank during the current credit and housing problems is a reminder of his father’s alleged role in the massive savings and loans scandal decades ago.
In the late 1980s John McCain was one of five senators known as the "Keating Five." They were investigated by Congress over their alleged roles in the crisis, which resulted in a U.S. taxpayer bailout.
It’s a shame that Senator Mitch McConnell supports this bunch of lazy ass greedy slacker, 21st century "baby mommas" that are destroying the "American way of life" and is willing to bail them and their pals out with our tax dollars while denying children healthcare "SCHIP" , voting against senior citizens on Medicare and Medicare Part D .
How can Senator Mitch McConnell claim to be a patriot when he supports the lazy ass greedy slacker, 21st century "baby momma" banking community that is destroying the "American way of life" and foreclosing on the troops he claims to support? Senator Mitch McConnell a patriot I don’t think so he’s just another, unpatriotic, lazy ass greedy slacker!!!!!!!!
The Hillbilly
