O8's 6.3 T Scam Is America’s Shame (ZZ)# Stock
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Whether on Wall Street or in Washington, the biggest frauds often are the
perfectly legal ones hidden in broad daylight. And in terms of dollars, it
would be hard to top the accounting scam that Obama's budget wonks are
trying to pull off now.
The ploy here is simple. They are keeping Fannie Mae and Freddie Mac off the
government's balance sheet and out of the federal budget, along with their
$1.6 trillion of corporate debt and $4.7 trillion of mortgage obligations.
Never mind that the White Hou
perfectly legal ones hidden in broad daylight. And in terms of dollars, it
would be hard to top the accounting scam that Obama's budget wonks are
trying to pull off now.
The ploy here is simple. They are keeping Fannie Mae and Freddie Mac off the
government's balance sheet and out of the federal budget, along with their
$1.6 trillion of corporate debt and $4.7 trillion of mortgage obligations.
Never mind that the White Hou
