Criminal mischief: or ricco violations?
So, it turns out that the political incubator that nurtured “the office of the president elect“ has sired yet another ‘Frankensteinian’ political ‘soup-sandwich”. As they say “power begets power” and I’ll extrapolate; “power corrupts” and “corruption begets corruption“. The irresistible snare of the weak-willed: authority!
Another fine mess congress has gotten us into: National Socialism and sanctioned loan-sharking, gambling and extortion vis-à-vis Freddie Mac, Fannie Mae and the bailout of everything else . . .
As if thunderstruck – some – in congress have finally had an epiphany – that there is a problem with Freddie Mac and Fannie Mae. Even heard Henry Waxman on the ‘old media box’ giving the ‘what for’ to current execs.
For years credit Risk officers at Freddie Mac have been warning that; “they were not even close to having proper control processes for credit, market and operational risk . . .”
Yet, as late as 2004 we had Maxine Waters, Gregory Meeks, Barney Frank and fellow conspirators, in congressional hearings assuring fellow Americans that there was nothing wrong with Freddie Mac/Fannie Mae. Make no mistake about it, these supposed congressional leaders must have known there were “issues”. Instead they colluded with the vary same institutions to swept the problems under the rug, keep the Freddie Mac and Fannie Mae afloat and suckled at the teat of their very own cash cow.
Now what we have here is a failure to communicate:
This illegal activity when NOT performed by congress used to be vigorously prosecuted by the FBI and the perpetrators jailed for corruption, extortion, fraud and flagrant violations of the Ricco Act
Why aren’t Waters, Meeks, Franks, et al, “frog marched out” out of congress and tried in the public square?
I can only pray that congress will go after all of these willing co-conspirators with as much enthusiasm as they have pursued the CEOs of private enterprise.