The Rambling Redneck

Commentary on the Zeitgeist

Wednesday, September 10, 2008

No worries folks

Now flush with public loot Fannie Mae’s first act was to announce that they would be resuming business as usual; no pause to reflect on what went wrong, no change in plans just straight back to loosing money. If they keep doing what they have been doing why should we expect them to not need another bailout? Is this twice round, first as tragedy and then as farce?

If that wasn’t enough they then turned around and announced they would be paying dividends! A bankrupt company paying dividends with my tax money! Money I worked hard for and that was coerced out of my hand under duress!

I am livid! This can not stand!

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