If you have been living under a rock you may not have heard the the ol’ US of A has taken over both Freddie Mac and Fannie Mae. Given the complete debacle that these two companies turned out to be, and the fact that a huge portion of the US economy, and oddly enough the world economy, is based on these two companies not DYING, the US Treasury Department decided it might be wise to step in and take over.

So what does this mean? Allow me to elude to some things, via facts and what not:

1. The US Government plans on supplying each company with “no more than 100 billion dollars” of your tax dollars. In other words you, the tax payer, who may have a loan from these two companies, is also paying to ensure that they stay afloat. That is kind of like making sure that the local Loan shark, Fat Tony, is well fed and has a roof over his head so that you are able to keep paying him even though he loves to spend your money on hookers. Maybe that was a tad over the top – but I think you get the point.
2. The US Government is taking, in exchange for your tax dollars, 2 million shares of stock of each company, which will yield something like 10% of the total dividends these two companies are SUPPOSED to send out every year. In other words, through spending your tax dollars on the investment into these two companies, who btw own something like 5 trillion dollars in home mortgages the government will receive residuals. How nice of them to make money on your money off of a company that already owns your house. Oooops, being a bit rough again aren’t I?
3. There has been no talk of handing the companies back the reigns that I can find. What does this mean? One COULD ARGUE that it means the begining of mortgage and banking nationlization -  of course one could also argue that President Bush has an IQ greater than an azalia. Who I am to judge?
4. If the government can nationalize the mortgage and banking system, then why not health care? Oh wait! That is Socialism!
5. According to NPR this morning the biggest gainers from this little situation are the Chinese. Wonder why? Well they have loads of stock in these two companies (seriously don’t even get me started on that) and thus if Freddie and Fannie faltered (cute right to that) then the Chinese would lose loads of cash. Tragic. However, since the USA government decided to step in, the Chinese are actually guaranteed to get their money by, you guessed it, YOU! That’s right, your tax dollars are going to be used to make sure that the Chinese, who took a chance in investing in a company, will now get back all their hard stolen, er spent money.

I know, I am an evil, jaded sum-a-bish. Tell you what – search teh web, read as much as you can, and if you can find a non jaded writeup on this that says I am totally wrong, PLEASE post it here and I will gladly share it with the planet. That said, ask yourself something – why is the government trying so hard in the media to convince everyone that this is a great thing? Did that happen once before? COUGHinvadeiraqandkillrandombrownpeopleforbasicallynoreasonwhatsoeverCOUGH!! Excuse me, had something absolutely appalling stuck in my throat.