Carp Libertatum

Truenews to keep your freedom!Get out of the dinosaur dying lying mainstream media!Tired of being lied to and deceived yet?Here is a fresh source of news and information to help you sort through the fog of deception that is constantly put out!We all know that the media and politicians had been bought and paid for a long time ago!They keep telling us things are getting better and they are going to fix it,but we all know in our hearts that this is just another lie!Sooner we wake up the better!

DEATH BY GOVERNMENT: GENOCIDE AND MASS MURDER

All told, governments killed more than 262 million people in the 20th century outside of wars, according to University of Hawaii political science professor R.J. Rummel. Just to give perspective on this incredible murder by government, if all these bodies were laid head to toe, with the average height being 5', then they would circle the earth ten times. Also, this democide murdered 6 times more people than died in combat in all the foreign and internal wars of the century. Finally, given popular estimates of the dead in a major nuclear war, this total democide is as though such a war did occur, but with its dead spread over a century

Saturday, May 7, 2011

Fannie Mae seeks $8.5 billion more in federal aid! AMERICAN TAX PAYER GET READY TO GRIN AND BARE IT AGAIN, ANOTHER OF THE TOO BIGS TO FAIL PIGS ARE COMING BACK TO FEED AT PUBLIC EXPENSE, AGAIN, WHEN IS ENOUGH, ENOUGH!

WASHINGTON (AP) -- Fannie Mae asked the government Friday for an additional $8.5 billion in aid after declining home prices caused more defaults on loans guaranteed by the mortgage giant.

The company said it lost $8.7 billion in the first three months of the year. Those losses led Fannie to request more than three times the federal aid it sought in the previous quarter. The total cost of rescuing the government-controlled mortgage buyer is nearing $100 billion - the most expensive bailout of a single company.

Combined with the bailout of sibling company Freddie Mac, the government expects their rescue to cost taxpayers about $259 billion. That money will cover the mortgage giants' losses on soured loans made in the midst of the housing bubble.

Home prices declined on average 1.8 percent across the country during the January-March quarter, Fannie Mae said. That led to more foreclosures and to homeowners abandoning houses that were worth less than they owed on their mortgages.

"We expect our credit-related losses to remain elevated in 2011 as we continue to be negatively impacted by the prolonged decline in home prices," President and CEO Michael Williams said in a statement.

The losses incurred in the first three months of the year are related to loans that were extended before 2009, Fannie Mae said. The company expects to make money on home loans that it acquired since January 2010.

The companies nearly toppled because of losses on risky mortgages that they purchased between 2005 and 2008. They tightened their lending standards after those loans started to go bad.

Fannie and Freddie buy home loans from banks and other lenders, package them into bonds with a guarantee against default and sell them to investors around the world.

When property values drop, homeowners default - either because they are unable to afford the payments or because they owe more than the property is worth. Because of the guarantees, Fannie and Freddie must pay for the losses.

Fannie Mae, based in Washington, and Freddie Mac, based in McLean, Va., own or guarantee about half of all mortgages in the U.S., or nearly 31 million home loans worth more than $5 trillion. Along with other federal agencies, they backed nearly 90 percent of new mortgages over the past year.

The Obama administration unveiled in February a plan to slowly dissolve the mortgage companies. The aim is to reduce the government's role in the mortgage market. Exactly how that would happen was left for Congress to decide.

Whatever the outcome, it would reverse decades of federal policy aimed at encouraging Americans to purchase homes. Mortgages almost certainly would become more expensive.

Fannie Mae's January-March loss attributable to common shareholders works out to $1.52 per share. It takes into account $2.2 billion in dividend payments to the government. That compares with a loss of $13.1 billion, or $2.29 per share, in the same period last year.