Double The Record Bailout, Double The Criminality

Franklin Raines, Barney Frank, Maxine Waters, and all the rest of these thieving Democrat criminals should be made to forfeit of every last penny’s worth of their personal property and then be thrown in Federal prison for the rest of their lives. They’ve done immeasurable damage to the U.S. economy, the U.S. taxpayers, and everyone who own a house or a retirement account. And it’s not over yet and it’s only going to get worse.

Fannie and Freddie support may reach $363 billion by 2013

Mortgage finance giants Fannie Mae and Freddie Mac could need as much as $363 billion in government payments by 2013, regulators said Thursday.

The Treasury Department has pumped $148 billion into the agencies since the government took them over in 2008.

The new projections by the Federal Housing Finance Agency, based on a series of assumptions about home prices, indicate that Fannie and Freddie will require an additional $73 billion to $215 billion before 2013.

Read the projections:

Projections of the Enterprises’ Financial Performance

See also:

Fannie, Freddie May Draw $363 Billion, FHFA Says
Fannie/Freddie Bailout Could Total $363 Billion
Fannie, Freddie May Need $215 Billion More in Aid
Fannie & Freddie ‘could cost US $363bn’
Fannie Mae, Freddie Mac bailouts could hit $363 billion, report says
Fannie, Freddie bailout could hit $363 billion
US taxpayers warned Fannie Mae and Freddie Mac may need $363bn bailouts
Fannie Mae and Freddie Mac deep in the hole
Fannie Mae, Freddie Mac Bailout Costs Could Soar
Fannie and Freddie May Need Infusion
Fannie, Freddie Rise Despite Giant Potential Tab With U.S Treasury

Yes folks, the Fannie and Freddie bailout is going to end up costing more than the AIG and Auto bailouts combined, by an order of magnitude, and the U.S. taxpayers are going to get stuck with the bill.

/why do the known criminals who obviously caused this 1/3 of a trillion dollar mess remain unpunished?

In Your Face Obama And Reid!

After billions of dollars spent and decades of study and construction of the Yucca Mountain Repository, while nuclear waste has literally been piling up at nuclear power plants across the country, the Obama administration and Harry Reid conspired to abruptly pull the plug on the project, just as it was getting set to start receiving waste. Why? Because Democrats don’t like nuclear power (or electricity generation in general, for that matter) and if there’s nowhere to permanently store the nuclear waste, there won’t be any new nuclear power plants built. Well guess what? The battle for Yucca Mountain isn’t over yet.

Panel Blocks Move to Scrap Yucca Site

Federal regulators on Tuesday denied a request by the Obama administration to withdraw an application for the first national nuclear-waste repository at Yucca Mountain in Nevada.

A three-judge Nuclear Regulatory Commission panel said that Energy Secretary Steven Chu doesn’t have the power to withdraw the application because 1982 law “does not give the secretary the discretion to substitute his policy for the one established by Congress.”

The administration said in March that it would withdraw the application. The move marked a victory for Sen. Majority Leader Harry Reid, (D., Nev.), who has made killing the Yucca Mountain project a priority. Mr. Reid is running for re-election this year in a tough race.

The Energy Department’s application to develop Yucca Mountain as a nuclear waste repository has been pending with the NRC since June 2008, when the Bush administration applied for the license.

Utility operators had expressed concern at the Energy Department’s decision to withdraw the permit application, saying that without progress toward developing a permanent nuclear-waste storage facility some states could refuse to permit new nuclear power plants.

The nuclear industry has contributed about $10 billion to a fund to develop a permanent national waste facility.

See also:
NRC panel: Nuclear waste dump process continues
Energy Dept. Cannot Drop Nuclear Waste Plan
Panel’s decision keeps Yucca Mountain alive
DOE can’t scrap Yucca plans, panel says
RJtv YUCCA MOUNTAIN: NOT DEAD YET
Yucca Mountain: Nuclear Waste in Nevada
Eureka County, Nevada — Yucca Mountain.org
Yucca Mountain nuclear waste repository
The Democrat War On Electricity

Of course, the Obama administration won’t take no for an answer and will continue to try and sabatoge the Yucca Mountain Repository because nuclear power is bad. Let’s just hope we can get Yucca Mountain open, so that we can move all the nuclear waste from all across the country to a centralized storage facility, for safety and security reasons, and then maybe we could actually build some new nuclear power plants, like we already should have been doing for the last thirty years.

/it would probably also help to vote Democrats out of office this coming November, so they can no longer obstruct a rational U.S. energy policy