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I am changing my name to Fannie Mae
I am going down to Washington D.C.
I’ll be glad they got my back
‘Cause what they did for Freddie Mac
Will be perfectly acceptable to me
I am changing my name to Fannie Mae
I am headed for that great receiving line
So when they hand a trillion grand out
I’ll be standing with my hand out
I’ll get mine

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Meredith Whitney, the analyst who called the financial crisis months in advance, now says banks soon will recover ever so slightly, but that housing has a long way yet to fall — as much as another 30 percent.

Home prices have already come down more than 19 percent over the past 12 months, but Whitney is firmly in the camp calling for a 50 percent peak-to-trough decline.

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White men and skilled people shouldn’t receive any stimulus jobs or money.

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The Liberty Tree Lantern has just been informed that the honorable Assemblyman from the 89th District of The State of Wisconsin, Mr. John Nygren-R is going to push the State of Wisconsin Sovereignty bill to protect Wisconsinites from the ravages of the usurping tyrants of the U.S. Government, despite his concerns that the Democrats will just forward it to committe where it will just die.

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The S.C. House of Representatives has approved a resolution with the same state’s rights concerns (but omiting the dire consequences), and the Senate is expected to soon take up a similar resolution.

S.C. State Rep. Michael Pitts (R-Laurens), who authored the House bill, says that it’s not as much a threat to the Union as it is a “wake-up call.” Federal mandates have strained his patience, particularly those laws relating to gun control and the treatment of illegal immigrants. Threats aren’t necessary, he says.

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Goldman Sachs Group Inc and a parade of European banks were the major beneficiaries of US$93-billion in payments from AIG — more than half of the U.S. taxpayer money spent to rescue the massive insurer.

The revelation on Sunday by American International Group Inc was another potential public relations nightmare, coming on the same weekend that the Obama administration expressed outrage over AIG’s plan to pay massive bonuses to the people in the very division that destroyed the company by issuing-billions of dollars in derivatives insuring risky assets.

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The privately held international company, owned by forty individuals mostly from Britain, called The Federal Reserve “System”, is a cartel of twelve private banks. The Chairman of “The Fed”, which is as “Federal” as Federal Express Corporation, stated that his company was looking for the following items to “control” our businesses, economy and, thereby, in reality our private lives. These recommendations, that can’t be refused, if you catch my drift, were communicated by Chairman Bernanke at the meeting this morning at the Council on Foreign Relations (CFR):

Government’s Must continue to take FORCEFUL, “COORDINATED”, action to restore financial markets.

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I feel so sorry for all the people who lost so much after years of hard work, effort and risk.

I have been trying to tell people about this collapse since 1982. When I started a group called F.A.I.R. (Families Against Imminent Robbery), which was founded on the concerns of the Socialist unsustainable programs of Medicare and Social Security.

What we are going through now IS ABSOLUTLY NOTHING and a Cake Walk! Compared to the Social Security and Medicare Socialist debacle

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Surprise Surprise guess who are back to take more out of our paychecks, again. Yep you may have guessed it, GM and Chrysler. They are planning on taking another 22 BILLION Dollars out of our future paychecks.

The UAW is standing tall and tough, man! THEY are demanding that they be able to take money out of our personal individual future paychecks and use it to pay for their high wages and most especially their Cadillac Health Care Insurance program and their king’s ransom pension program that way back in 2005 was over 10 BILLION Dollars in UNFUNDED debt and today is likely 3 times that. The UAW and the Automakers need our earnings to pay for these UAW “legacy” entitlements. Without the exceptional wages, benefits and insane pensions the Automakers would be significantly profitable and be able to keep many thousands employed.

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New York’s Charles Rangel and five other Democratic members of the House enjoyed a trip to the Caribbean sponsored in part by Citigroup (see above) in November – after Congress had approved the $700 bailout for financial firms (including Citigroup).

The members no doubt will object to the terms “junket,” but that shoe fits. The National Legal and Policy Center, a watchdog group, has asked Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP) to investigate the Nov. 6-9 excursion to the island of St. Maarten.

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