I wrote a piece a few days back on Fannie Mae and Freddy Mac that spoke a bit to the idea of how business and state are mixing. Well to up that this happened. I suggest you read it. According to National Public Radio news this morning this basically means that Fannie Mae and Freddie Mac are going to be bailed out by your tax dollars. Let’s do the math.

1. Fannie Mae and Freddie Mac are two lending companies, both have strong political ties to our government.
2. Fannie Mae and Freddie Mac hold together over 5 Trillion dollars in Mortgages.
3. During the housing bubble both of these companies funded thousands of borderline frivolous mortgages – leading to massive foreclosures – supposedly 1.5 million of them.
4. Fannie Mae and Freddie Mac give out record bonuses to their executives.
5. You, the tax payer, are now having your tax dollars rerouted to support these two companies who have been identified as being frivolous in nature. In other words your tax dollars, which could be going to say educating your kids or just maybe to help some of our soldiers abroad not DIE, is being used to prop up two mega giant corporations who were run quite closely into the ground.
6. Is anyone being brought up on charges? You’d think the United States of America having to bail out two major corporations from potential bankruptcy would bring about some form of inquiry. You’d think that someone just might be investigated and just maybe someone might be brought up on charges- maybe someone who received in the hundreds of millions of dollars in bonuses. JUST MAYBE.

Nope.