July 30, 2017

How Obama committed “the biggest theft in history”

Gavin McInnesArchive

On Friday's show, I spoke with Michael Kimelman, author of Confessions of a Wall Street Insider. We discussed Obama's seizure of Fannie Mae and Freddie Mac.

Congress originally loaned the mortgage companies money to keep them afloat, and they would receive a 10 per cent dividend in return.

But the Obama administration decided that wasn't enough, so they took all the profits and wiped out the shareholders.

Michael considers this the biggest theft in history, estimating the values at $100 billion.

WATCH my interview to see how Obama administration misled the public in their unlawful pursuit to rob American investors.

Comments
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commented 2017-07-30 16:28:16 -0400
Laws for the taxpayer peons. No laws for the left. That is the conclusion to be derived from this story. Of course no interest from the fake stream media!
commented 2017-07-30 16:19:05 -0400
So many corrupt traitors to arrest, looks like it is going to take a while to round them up!
commented 2017-07-30 13:39:38 -0400
This is only the tip of the iceberg.
commented 2017-07-30 12:26:40 -0400
This is why we used to hang traitorous bad guys until the traitorous bad guys hijacked the system and made everything legal except commonsense laws protecting severely normal people.
commented 2017-07-30 11:18:20 -0400
Ever since this illegal theft became apparent, I have been wondering what held the GOP back from impeaching this crook – Then I realized escaping indictment for a theft this large could not be possible without the open collusion of Congress and the media – America is reversibly corrupt and nothing will change the kleptocratic state except open public revolt.
commented 2017-07-30 11:04:37 -0400
http://www.theobamafile.com/ObamaACORN.htm
Obama and Acorn

“The same ACORN that is continually in trouble for voter fraud, the same ACORN that has pushed the subprime mortgage crisis that has destabilized our economy, is, in the words of Barack Obama, going to shape our national agenda.”

Neo-Marxist ideologists.

Obama and Acorn, since 1992.
God knows we should have known better.
commented 2017-07-30 10:59:28 -0400
So corrupt. So sick of it.
The Obama’s /the Clintons, which couple is more corrupt and deserving of jail? Obama’s hand in the Fannie Mae, Freddie Mac rip off started before he was President, way back when he was senator/community organizer in Chicago. He was using the race card from the beginning, trying to guilt the banks out by saying they were making it too hard for poor black folks to get in the game, then he fked everyone over. No compunction, either of them. Bad, bad people just left the White House and half the American people he has helped to screw over still think he is a saint. Pathetic.