Slashdot Mirror
Google, Circa 2001
An anonymous reader writes "If you have 10 minutes to spare, take a look at an archive that Google has posted to mark the company's 10th anniversary. The search engine and its results are based on data from 2001, but it's interesting to see what turns up when popular 2008 terms are entered. For instance, iPod generates a reference to Image Proof of Deposit Document Processing System, and the 771 Barack Obama results centered around his duties as an Illinois State Senator."
sorry.
Actually, the search for Sarah Palin did bring up some results but after going through a few pages, I saw nothing about conspiracies or the like.
I wonder what a search for Barack Saddam Hussein Obama Bin Laden will bring up?
McCain/Palin '08. Now THAT's hope and change!
January is too early in 2001 because Barack had not yet voted to allow born alive infants to be put in soiled utility closets to die. He would vote for that later that year.
Sounding the Alarm on Fannie and Freddie way back to 1997 with my favorite paragraph being
Fannie Mae and Freddie Mac preserve their privileged status through a multi-million-dollar lobbying effort that includes massive "soft money" campaign contributions and the payment of exorbitant salaries to politically connected executives and lobbyists. The GSEs also protect their government-sponsored empire through millions of dollars of charitable donations to Washington advocacy groups.
Fast Forward to 2008
TOP 5 FANNIE MAE AND FREDDIE MACK CAMPAIGN CONTRIBUTION RECIPIENTS from 1989 to 2008:
1. Dodd, Christopher J S D-CT $133,900
2. Kerry, John S D-MA $111,000
3. Obama, Barack S D-IL $105,849
4. Clinton, Hillary S D-NY $75,550
5. Kanjorski, Paul E H D-PA $65,500
Its pretty obvious where the blame should be directed and which party should be denied access to the white house and if you dont agree, may you get what you deserve idiots with your left wing Obama BinBiden ticket
http://www.cato.org/pubs/pas/pa-293es.html
Cato Policy Analysis No. 293 December 29, 1997
The Mounting Case For Privatizing Fannie Mae And Freddie Mac
by Vern McKinley
Vern McKinley has worked as a financial analyst for various federal financial agencies including the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Resolution Trust Corporation. He is currently an attorney in Washington, D.C. The views presented are his own.
Executive Summary
Two of the largest government-sponsored enterprises (GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), receive government subsidies estimated to be worth $6 billion. Of that total, an estimated $2 billion goes directly as income to shareholders and employees of Fannie Mae and Freddie Mac. By design, the remainder of the subsidy largely diverts investment into the middle- and upper-income housing sector and away from capital sectors of the economy.
Fannie Mae and Freddie Mac preserve their privileged status through a multi-million-dollar lobbying effort that includes massive "soft money" campaign contributions and the payment of exorbitant salaries to politically connected executives and lobbyists. The GSEs also protect their government-sponsored empire through millions of dollars of charitable donations to Washington advocacy groups.
Because of their quasi-governmental status, there is a market perception that Fannie Mae and Freddie Mac mortgage-backed securities and debt carry an implicit federal guarantee against default. Hence, the GSEs expose the federal taxpayer to an ever-increasing potential contingent liability that could ultimately cost tens of billions of dollars to rectify.
To remedy the situation, those GSEs should be stripped of the privileges of government sponsorship and be converted to fully private enterprises. The only remaining questions for analysis are when and how privatization should occur.