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Obama Looted Fannie Mae and Freddie Mac
American Thinker, by Brian McNicoll

Original Article

Posted By:magnante, 7/29/2017 9:19:10 AM

President Obama never was shy about using his phone and pen to achieve what he could not get from Congress on regulatory matters. But documents revealed last week show the Obama administration may have been willing to get around congressional decisions on spending by using a slush fund of sorts funded by the profits of Freddie Mac and Fannie Mae, the two government-sponsored home loan giants. (snip)In 2012, the Obama administration came up with a plan to divert those profits to the Treasury that became known as the Net Worth Sweep. Officials said the profits had to be diverted back into

      


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Reply 1 - Posted by: Bubby, 7/29/2017 9:46:52 AM     (No. 11334715)

Just another scandal ignored by the msm.

“I changed those things that were in my direct control,” Obama said. “And I mean, look, I’m proud of the fact with two weeks to go, we are probably the first administration in modern history that hasn’t had a major scandal in the White House,” he added. “In that sense, we changed some things.” Yeah right and obama actually believes this BS.

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Reply 2 - Posted by: Krause, 7/29/2017 10:15:12 AM     (No. 11334743)

I don´t think Obama ability to come up with this idea on his own. So who figured it out and proposed it to him?

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Reply 3 - Posted by: strike3, 7/29/2017 10:27:36 AM     (No. 11334760)

Obama has gigantic ears but he has a nose for free money that can smell a dime from a mile away. This huge scam no doubt had a back door that allowed some of those billions to flow into private accounts around the world with a little left over to help out the terrorists. You don´t stay in luxury resorts forever on the meager proceeds from a lousy book written by Bill Ayers. This despicable man should be in the darkest cell in Gitmo right next to the alligator pit.

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Reply 4 - Posted by: tnorling, 7/29/2017 10:40:34 AM     (No. 11334776)

Leopard. Spots. I´m sure few remember the 100´s of millions in Annenberg grant money to improve the Chicago school system that was under Obama´s putative aegis that simply disappeared, much like that stimulus money. Poof! And that goes for Obama as well.

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Reply 5 - Posted by: Rumblehog, 7/29/2017 11:11:48 AM     (No. 11334821)

This SOB needs to be IMPEACHED by Congress and charged by the DOJ with crimes against the U.S.A. Had a GOP President done this he´d be strung up for life.

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Reply 6 - Posted by: doctorfixit, 7/29/2017 12:26:39 PM     (No. 11334917)

Must Read. Obama´s crimes are so numerous and so well hidden, and I completely understand the President´s frustration that Sessions is not more aggressively going after them.

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Reply 7 - Posted by: enemyofthestate, 7/29/2017 8:08:32 PM     (No. 11335286)

0bama looted a lot of things, Fannie and Fred the least of it.

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Reply 8 - Posted by: ColonialAmerican1623, 7/29/2017 10:14:43 PM     (No. 11335388)

How many agencies like Medicare did he loot to pump up Zippycare?

Barry is too lazy to get off the sofa. Hummm who is his financier friend? Why the puppet master.

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An internal civil war is tearing at the fabric of Fox News. The events of the past week have brought the long-simmering conflict closer to the surface. The legitimacy and viability of President Trump are under constant assault in the mainstream media as never before – and that is saying something. Fox News Channel executives, staff, and on air talent are taking sides. The future direction of the right-of-center, fair and balanced Fox News approach to presenting the news may well be in serious doubt. (snip)James Murdoch, 21st Century Fox’s new CEO, is one of the “Murdoch Boys” – the

   

 

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