FANNIE & FREDDIE GO BELLY UP - ANOTHER NOTCH FOR GORELICK'S GUN

The Feds have announced they are putting Fannie Mae and Freddie Mac in conservatorship, after a careful audit revealed that the two corrupt "Government Sponsored Enterprises" had falsified their assets.

One of the Fannie Mae executives who benefited from inflated bonuses was none other than Jamie Gorelick. Her entry at the Wikipedia notes that she "earned" $26 million in 6 years there. In 2004, a Federal investigation revealed $9 billion in unrecorded losses.

That was 4 years ago. Evidently the problems weren't fixed.

Of course this is the same Jamie Gorelick who as Bill J. Clinton's Deputy Attorney General carefully crafted the "wall" of separation, that made it impossible for the crime-fighting and intelligence-gathering parts of the FBI to work together to prevent terrorist attacks like the September Eleventh atrocities.

Former prosecutor Andrew McCarthy and legal scholar Mark Levin have discussed her shameful role in that debacle. As well as the shame of giving her a seat on the 9/11 Commission.

She also serves as one of the lawyers defending Duke University against the civil suit from the lacrosse players who were defamed and libeled by post-modernist, multicultural, cultural-relativist University officials intent on railroading them into prison.

What a career of filth and shame!

Don't blame the collapse of FNMA and FHLMC on "the system." Blame it on the corrupt Democrat Party politicians who crafted that system to serve their corrupt ends.

We need reform in Washington! We need leaders with proven records of reform.

We need the McCain-Palin ticket, and not the Obama-Media ticket.

Vote accordingly.

RELIAPUNDIT ADDS: I WAS AMONG THE VERY FIRST TO BLOG THIS CONNECTION HERE IN 2004, AND AGAIN IN 2005 HERE, AND AGAIN IN 2006 HERE, AGAIN HERE & HERE, AND 2008 HERE.

AND I STAND BY MY POST OF YESTERDAY:

“We have just had to nationalize the two largest financial institutions in the world because of policy makers’ inaction,” said Josh Rosner, an analyst at Graham Fisher, an independent research firm in New York, and a longtime critic of the government-sponsored enterprises. “Since 2003, when these companies’ accounting came under question, policy makers have done nothing.”

ROSNER IS 10000000% CORRECT: THESE OUTFITS HAVE BEEN THE CORRUPTLY EXPLOITED FOR PATRONAGE FOR DECADES ...