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?

The Swamp Overflows

There’s another corrupt turd in the Congressional punchbowl and this one’s extra dumb and super socialist scary.

Maxine Waters faces ethics charges

A House panel is preparing to accuse Rep. Maxine Waters of at least one ethics violation in her efforts to help a bank with ties to her husband, and the longtime Los Angeles Democrat plans to fight the charges in a House trial, according to a source familiar with the case.

The allegations were presented Friday to Waters, the source said, speaking on the condition of anonymity because the investigation is confidential.

Waters, an outspoken legislator who has held elective office in Sacramento or Washington for more than three decades, could not be reached Friday night.

The findings on the investigation into Waters by the Office of Congressional Ethics are expected to be made public on Monday.

That office, an independent watchdog created by Congress, referred the matter to the House Ethics Committee. The committee turned the matter over to a panel of two Democratic and two Republican lawmakers who have been conducting their own probe for months.

The allegations come as Rep. Charles B. Rangel (D-N.Y.) faces a House trial on 13 ethics allegations, adding to the political troubles of Democrats confronted with a tough battle to hold onto their House majority in the November midterm election. Rangel, 80, and Waters, 71, are both high-profile, longtime members of the Congressional Black Caucus.

One of Los Angeles’ most enduring black politicians, Waters came under scrutiny last year after Massachusetts-based OneUnited Bank, one of the nation’s largest minority-owned institutions, received $12 million in bailout funds.

The funding came three months after Waters, a senior member of the committee that oversees banking, helped arrange a meeting between officials of the bank, other minority-owned financial institutions and Treasury Department representatives.

Waters’ husband, Sidney Williams, had owned stock in the bank and served on its board.

See also:
Maxin Waters accused of Ethics Violation
Maxine Waters in ethics trouble too
Rep. Waters chooses trial rather than accept ethics charges, reports say
Waters chooses ethics trial
Maxine Waters to be charged by Ethics Committee; Waters plans to fight
Rep. Maxine Waters will fight House ethics charges
Rep. Waters chooses trial rather than accept ethics charges, reports say
Obama Says Rangel at End of Career; Rep. Maxine Waters also Facing Ethics Woes
U.S. Congresswoman Maxine Waters
Maxine Waters
Committee on Standards of Official Conduct

Can you just imagine what sheer spectacle a public ethics trial of borderline psychotic Maxine Waters would be like? Talk about must see TV just in time for the November midterm elections.

/fight on Maxine, you go girl, take it to the mat, the Republicans will thank you later!