Our National Soap Opera Continues See: http://whereisthemoney.org/hotseat/stanleysporkin.htm Where is the Money.Org's and Lady Catherine Austin Fitts' Sporkin Hotseat related to Fannie Mae, our favorite fudge candy and our National Soap Opera, and a few other tidbits on judgeships, Hamilton Securities, the CIA.... the black budget and narco dollars economy. EDITOR'S
COMMENTS This Kool Kat Sporkin with connections inside the Beltway appears to be sent to "clean up" Fannie Mae [ShakesBearean Aside: Before the Baby Bush Election??? -- Impossible!], apparently as he has been sent to clean up other messes of the National Soap Opera Variety. He's appeared before as a Regular at the www.whereisthemoney.org Hall of Fame as a previous Hotseat Suspect. I sent this article to my Gal Pal, Lady Catherine, back in September when we first started Fannie Watch and our commentary on the financial fudge candy -- our best new National Soap Opera -- since OJ Simpson and the Iran Contra Sham. See: http://www.washingtonpost.com/wp-dyn/articles/A36877-2004Sep20.html for Fannie Mae's Board Briefed on Troubles by David S. Hilzenrath, Washington Post Staff Writer, which we featured in our 4Rs for Realty Reality on September 21, 2004. OK, so let's check his record! Connected to the CIA, the SEC, HUD, and putting the screws on Hamilton Securities uncovering the Fraud at HUD -- now investigating [?] Fannie Mae. Seems to me like the Fox guarding the Hen House?!!!! Gee Whiz... I wonder if this Kool Kat knows where Mel Martinez misplaced the $59 Billion at HUD? Maybe he, too, like Martinez, will run for the US Senate, after he crosses the Rubicon, and "cleans up Fannie Mae" for Chairman Greenspan as the Rhinestone Cowboy? Ehhh.... before Mr. Greenspan has to be the derivative bailout Maestro to the really Big Boy counter-parties on Wall Street to all that festering mess in Fannie Mae's derivative book of business? As Warren Buffett and his sidekick, Charlie Munger, say: "To say derivative accounting in America is in the sewer is an insult to sewage." Quoting Peter Eavis in Fannie's Hedging Deals Look Thorny, "According to some estimates, Fannie may have excluded as much as $12 billion in losses from its income statement." Boy, that's a lot of Parfait for us Shrek fans! Why everybody loves parfait! Jane and Joe Six-Pack, did you get all that? Ole Bear, Editor © 2004 Realty Reality |
|
|
|
GLOBAL
REAL ESTATE MARKETS FORUM