U.S. Covers Millions in Legal Fees for Ex-Freddie, Fannie Executives

FoxNews.com 1/24/2011

Taxpayers have spent more than $160 million defending executives of Fannie Mae and Freddie Mac, infuriating lawmakers who want to know why taxpayers are footing the bill for heads of agencies that have already cost Americans at least $150 billion.

According to The New York Times, the bulk of those legal expenses — […]

The Smart Grid On Steroids — Global Totalitarian Government Arrives, Courtesy Of Obama And His Owners

Our headline and the link to this article H/T RedState.com

LEAD: U.S. eyes launching int’l entity for next-generation power grid+ Associated Press via Breitbart.com 7/2/2010

The administration of U.S. President Barack Obama is planning to launch an international entity to be tasked with developing a smart grid, a next-generation power transmission network, U.S. government […]

Insider Patenting: How Fannie Mae Chief Got the Patent for Cap and Trade in 2006

John Bambenek BigGovernment.com 5/28/2010

Just one day after the Democrats seized control of Congress, the Chief Executive of Fannie Mae, Franklin Raines, received the patent for a residential cap-and-trade system (Patent 6904336), What this means is that Raines, along with several colleagues who also “own” the patent, could stand to make huge amounts of money […]

The $10 Trillion Climate Fraud

Investor’s Business Daily 4/28/2010

Cap-And-Trade: While senators froth over Goldman Sachs and derivatives, a climate trading scheme being run out of the Chicago Climate Exchange would make Bernie Madoff blush. Its trail leads to the White House.

Al Gore is co-founder of an investment management firm that is now the fifth-largest shareholder in […]

Barbara Hollingsworth: Fannie Mae owns patent on residential ‘cap and trade’ exchange

Barbara Hollingsworth Washington Examiner 4/20/2010

When he wasn’t busy helping create a $127 billion mess for taxpayers to clean up, former Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select individuals in the “green” movement were inventing a patented system to trade residential carbon credits.

Patent No. 6904336 was approved […]

How Fannie and Freddie foiled regulators

Washington Examiner Editorial 4/12/2010

Mismanagement of Fannie Mae and Freddie Mac and obstruction of their regulators by Congress and successive presidential administrations played a pivotal role in creating and then bursting the housing bubble at the heart of the economic meltdown of 2008, according to testimony of officials before the congressionally chartered Financial Crisis Inquiry […]

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