From a fleeced taxpayer

-A A +A
By The Staff

Dear Editor,

I saw the headlines recently that said, “Federal officials on Sunday unveiled an extraordinary takeover of Fannie Mae and Freddie Mac, putting the government in charge of the twin mortgage giants and the $5 trillion in home loans they back. The move, which extends as much as $200 billion in Treasury support to the two companies, marks Washington’s most dramatic attempt yet to shore up the nation’s housing market, which is suffering from record foreclosures and falling prices.”

That got me thinking, “Is this Déjà vu all over again?”

Let’s see George W. Bush is acting as the president and we taxpayers are being fleeced for $200 billion.

Wasn’t there a savings and loan crisis in the 1980s? Now who was president? What was that? Who was involved?

• George Bush was president.

• Neil Bush was behind the failed Colorado saving and loan bailout by us taxpayers.

• The $49.5 million settlement of the F.D.I.C. suit is among the largest ever for the agency.

• The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI), were accused of improperly aiding Charles H. Keating Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board.

• Yeah, the others are Democrats, but the Democratic Party isn’t running them for president!

• Birds of a feather flock together.

• John McCain is one bird we can’t afford

• The National Debt has continued to increase an average of $1.93 billion per day since Sept. 28, 2007.

• Each citizen’s share of this debt is $31,751.06.

• Someone has to pay this debt plus interest.

• That will be we the taxpayers.

You have to hand it to the Republicans … or they’ll take it anyway!

Richard Danforth

Los Alamos