Gongol.com Archives: December 2009
Brian Gongol

December 25, 2009

Socialism Doesn't Work Treasury Department removes $400 billion cap on lending to Fannie Mae and Freddie Mac
And at a time when no one is paying attention to the news, of course. The government thinks taxpayers are going to lose $170 billion before all is said and done at the two government-backed mortgage lenders. $170 billion is twice the value of the entire state economy of Iowa. And Iowa's about as close to average-sized a state and a state economy as a person can find, so that ought to put the size of this bailout in perspective.

Threats and Hazards Terrorist tries to blow up a Delta flight to Detroit

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