Under the new mortgage-relief plan, the wonderful and all-knowing, all-powerful God-King Obama plans to make the disastrous and destructive zombie Freddie Mac and Fannie Mae the demon spawn of the Treasury.
Just months ago, Freddie and Fannie were not only the largest financial institutions in the history of humanity, but they were also insolvent and completely taken over by the feds, holding more bad debt than most zombie banks.
Now the God-King is going to give the two failed institutions a line of credit of $200,000,000,000 at the Treasury - roughly the nominal GDP of the economic power-house Hong Kong, or entire annual national product of Columbia - along with $75,000,000,000 straight up to form the program.
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