Unethical, Hypocritical and Tyrannical Government!

by Chris | September 3rd, 2011

Fannie and Freddie are now suing the “Big Banks” for misrepresenting risky mortgages to the public.

Once again we are seeing the mind-blowing actions of a unethical, hypocritical and tyrannical government!

Fannie and Freddie as government entities strong-armed by Barney Frank and Democrats in the house were the ones who required the banks to lower their lending standards and create loans that were destined to default.

I know a little of this because I was a Branch Manger of two Wells Fargo Mortgage branches simultaneously when all this came to head.

Conservative and solid banks like Wells Fargo were first required by the government to deal out mortgage loans to people who clearly cold not afford them, then years later when those homes were going into default and the home values dropped like a rock … the Great Recession was well underway.

The government’s actions were unethical to the banks and to those who were sucked in to loans that were destined to lead them to bankruptcy.

The government is hypocritical in now blaming the results of their moronic policies on the banks.

Now the government is tyrannical in pursuing charges against the banks for complying with government regulations.

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