BANEY "MADOFF" FRANKS RETIRES

The son-of-a-bitch — along with his buddy Chris Dodd — most responsible for the collapse of the American economy is retiring.

Shit ... too bad it didn't happen 10 years ago.

Now this faggot — and in this case I mean it AS a derogatory term — gets a pension.

Here's what we're now paying Barney Frank after he and his cohorts destroyed our economy via Fannie Mae and Freddie Mac.

Any of you do this good?


Salary and benefits
The annual salary of each senator, as of 2009, is $174,000;[27] the president pro tempore and party leaders receive $193,400.[28] In June 2003, at least 40 of the then-senators were millionaires.[29]
Along with earning salaries, senators receive retirement and health benefits that are identical to other federal employees, and are fully vested after five years of service.[28] Senators are covered by the Federal Employees Retirement System (FERS) or Civil Service Retirement System (CSRS). As it is for federal employees, congressional retirement is funded through taxes and the participants' contributions. Under FERS, senators contribute 1.3% of their salary into the FERS retirement plan and pay 6.2% of their salary in Social Security taxes. The amount of a senator's pension depends on the years of service and the average of the highest 3 years of their salary. The starting amount of a senator's retirement annuity may not exceed 80% of their final salary. In 2006, the average annual pension for retired senators and representatives under CSRS was $60,972, while those who retired under FERS, or in combination with CSRS, was $35,952.

THE FINANCIAL MELTDOWN — A SOLUTION BEFORE WE TANK

Whether you wish to believe it or not and whether you're a Red Stater or Blue Stater, the fact of the matter is that the US Government initiated the economic calamity we are currently in, and is solely responsible for the President we now have, and the socialist agenda he and his cohorts are ramming down our throats even though we don't want it.

That said ... what brought down our economic collapse had less to do with Wall Street, greed and thievery than with the indiscriminate mortgage lending the US Government mandated.

Everybody SHOULDN'T own a home, EVERYBODY is NOT entitled to own a home, the ability to AFFORD a home should have been paramount, and the decision to defy plus-and-minus economics based on the most dubious of PC political-driven economic philosophies is what has us where we are.

Whew.

Now... read THIS INTERVIEW with the former chief credit officer of Fannie to see how we got into the mess, and how we're going to perpetuate it.

And could someone please set a car bomb off at the next House and Senate Finance Committee meetings so we can kill the bastards who put us here.

Those lying thieves can't die fast enough for me.

IN CASE YOU MISSED THE FINANCIAL COLLAPSE ...

...that is everybody's fault but the people who's fault it is (i.e., the Government), here's the latest:

Fannie Mae, the mortgage-finance company operating under federal conservatorship, is seeking $1.5 billion in aid from the U.S. Treasury Department after a 12th straight quarterly loss. (The best I ever did was a 4-quarter loss before getting canned. Who are these assholes — led by the likes of Chris Dodd, Barney Frank, etc., et al) kidding?

And 12 quarters means three years. That's a bald faced lie right there.

This is dated today. Go Google it yourself.

But whatever you do, blame it on big business, the banks, Wall Street, etc., ... not on where it belongs.

IN CASE WE FORGOT WHO STARTED THIS MESS

Just in case anyone's memory is short ... here's how we got into this mess.

And PLEASE listen to the very last line of the report. It concerns our current leader, Obama Maximus.

DODD — A REAL ANTI-AMERICAN

BLAME FOR THE MORTGAGE MESS

After explaining the repercussion of the Marine F-18 crash in San Diego on those on duty at the time, columnist Peggy Noonan, closed with this, regarding the assumption of responsibility, and how the bottom feeding pols in Washington could have learned a thing or two.

"We did not see congressmen get on television with charts and eviscerate their organization and say, "These were the men who in 2003 allowed Freddie and Fannie unlimited rein over mortgage securities." Instead we saw ... everybody against everybody else with no one stepping forth and saying, "We screwed up."' There is no one in national leadership who could convincingly 'assign blame,' and no one 'who could or would accept it.'"

Full column in The Wall Street Journal