SEIZING FANNIE AND FREDDIE TO COST TAXPAYERS $389 BILLION!

NYTIME:

the government’s decision to seize Fannie Mae and Freddie Mac in September 2008 that is likely to cost taxpayers the most money. So far the tab stands at $145.9 billion, and it grows with every foreclosure of a three-bedroom home with a two-car garage one hour from Phoenix.

The Congressional Budget Office predicts that the final bill could reach $389 billion.

DIDN'T BUSH AND MCCAIN WARN THIS WOULD HAPPEN? YES:



BUT DIDN'T ULTRA-LIB BARNEY FRANK AND HIS DEMOCRAT ALLIES DEFEND FANNIE AND FREDDIE AND TELL US THIS WOLD NEVER HAPPEN? YES:



THANKS BARNEY!

MORE BARNEY DEFENDING THE BUBBLE HE HELPED TO CREATE (WATCH THE WHOLE THING - BARNEY SAYING THERE'S NO PROBLEM AND ARGUING THAT THE TAXPAYER WON'T BE BAILED OUT AT 1:50):





MARK LEVIN TELLS YOU EVERYTHING YOU WANTED TO KNOW ABOUT BARNEY FRANK BUT WERE AFRAID TO ASK:



HERE'S 2008 WSJ ARTICLE EXPOSING BARNEY'S ROLE IN THE BUBBLE THAT LED TO THIS $389 BILLION DOLLAR DISASTER.