Monday, January 30, 2012

Our masterful corporate Traitors.

Of course everyone knows who Fannie May and Freddie Mac are, ladies first. Were they not created in the nineteen sixties as part of LBJ's new society, government created then turned loose mortgage lending giants, well intentioned to enable the American masses to buy  house and fulfill American dream?

Then came the big crash and bailout of '07, and they were bailed out. I bought Fannie May stock (ladies first) about then, when the price was 92 cents a share. Now, its what, thirty something a share?

But oh my now we find out that Freddie Mac has been bundling and making investments in such a way that if the masses of Americans remain stuck in high interest mortgages and go under, Freddie Mac makes money, but if the American home owner gets a good re fi, gets on his or her feet, and succeeds, Fred loses. Freddie, in a nutshell, has been profiting, or trying to, by betting against the success and for the failure of its customers, us, America, (the American people), and presumably hindering the American people transactionally, as a betting hedge.

One of my best friends told me he had purchased a stock fund which was designed to appreciate if the market index declined, and to lose if the stock market goes up. He wanted me to try it. I told him to instead shove it. Too negative. Too....oh....antithetical to my nature?....gloulish?

How repulsive, immoral, traitorous, predictable, and typical! Big corporations, aided, abetted, sponsored by big government, stabbing the American people in the back. The American government and the corporate oligarchy, aka "our corporate masters" - since its all the same, why not?

Seduce and intimidate the teeming masses into corporate dependance, then milk them out of their money. Masses produce the wealth, wealthy elite slickly transfer wealth, trickle up, to the wealthy corporate elite. How modern American!

Are you Occupy Wall Street folks still around? Hello? No need to argue whether fed gov or corporate oligarcy is the enemy; they're the same thing. Turns out Marx was right. Workers of the world unite, you have only your chains to lose, or, your home mortgages.

Pleass scroll down for the remaining articles in this issue of The Truthless Reconciler! Thanks!

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