In plain English it means that, once again, our bought and paid for corporate shill Federal Government has aligned itself on the side of the fraudster banks against citizens, borrowers, homeowners, local communities, pensioners and investors.

….AND YOU AIN’T BEEN KICKED IN THE BALLS YET?

….CROOKS TRYING TO COVER FOR OTHER CROOKS!

“To report evidence of waste, fraud, or abuse:
See Office of Inspector General (webpage) for detailed information”

So I clicked on that and went here: http://www.fhfaoig.gov/ReportFraud

Let’s ALL report the FRAUD, WASTE and AB– USE of this agency! Let’s DEMAND the firing of the “decision-makers”. I’ve done so with the NY Fed for Katherine Wylde, several times for OCC John Walsh and SEC Mary Shapiro. I can’t rave alone though. It definitely feels good to vent!

The Conservator should note that the department is run by an individual appointed by President Bush, because Republicans have abused the filibuster process to appoint a different person and President Obama is too much of a wimp and sellout to exercise his recess appointment authority. Further, even as an appointee of a widely despised President, the Conservator should also point out his fiduciary responsibility forces him to pretend Fannie and Freddie are private companies. He does not even believe that they have not been nationalized (a position he has put in writing), and that wasting billions a month to keep them alive is just fine with this “conservative” appointee. The Conservator understands Fannie and Freddie are the primary source of fraud, waste, and abuse in the housing and foreclosure crisis, more than any other entity; but the Conservator just doesn’t care.

Oh yeah .. it’s almost a new month — allowance time — so the spoiled brat Conservator would like a few billion more taxpayer dollars lest he have to slowdown foreclosures and fix the housing market; as usual, no strings attached.

IDIOTS!!!!! These are the types of out-of-touch (or just plain corrupt?) morons we have in the “regulator’s” chairs. Good grief. No wonder this country is a mess. These conservators are so inept, they are in dire need of conservators to make decisions for THEM.