Rick Santelli blasts lack of Fannie Mae reform, the TARP rip-off, government lies and corruption
Posted by iusbvision on March 16, 2010
Rick Santelli confirms IUSB Vision editor Chuck Norton’s analysis from long ago Fannie Mae and Freddie Mac, the two biggest problems in the mortgage industry are not being reformed, the feds are dumping billions into them and they are still getting their fat bonuses at taxpayer expense.
Santelli also points out that the TARP program was a rip off, a bait & switch. They promised to use the money to buy up toxic assets and instead used the money instead to buy control of banks and pick winners and losers in the banking industry. Bank A would get TARP money, bank B would not, bank A buys bank B and gives 5 million to ACORN or another arm of the Democratic Party. Welcome to politics Chicago style.