Once again I find myself furious at the disrespect the treasury and government give the average American. The Obama administration, thinking the average U.S citizen may be too dumb to find out, slipped a new tidbit of news under the nose of the markets. What news you ask? The treasury lifted the bailout cap on FREDDIE MAC (NYSE: FRE) and FANNIE MAE (NYSE: FNM), the two mortgage behemoths. This was done obviously to keep them from failing as it appears the depth of the losses continues to grow.
It actually does not infuriate me that they had to lift the bailout cap. Simply put, it is the way they went about it that makes me want to move to a beautiful Caribbean island, far, far away. How dare they? How dare they slip this news in the afternoon on Christmas Eve? When people were with their families, buying gifts, good will to men? Looks like we were all a little more generous this holiday season than we thought. There goes more of your hard earned tax dollars. You thought you just spent $500 or $1,000 this holiday season? Looks like the government decided you should spend much more than that! Again, I say how dare they! Fine, bail them out. But at least have the decency to do it in front of our faces. At least have the decency to stand up like a MAN and tell the American people what you are doing! It is unreal, thinking the market and the average American would not notice.
This government should be ashamed of itself. Dumping news like that on the market on Christmas Eve when the average American is paying more attention to their family for once than making a living. I hope an uproar is made across the United States. I hope that millions read this, and millions more hear about this.
