Cui Bono? Current Events Form Future Trends

Like the Federal Reserve Act, passed the day before Christmas Eve in 1913 - the unlimited funding to Fannie & Freddie was done under the cover of darkness. This guarantee is tantamount to a nationalization of both institutions throwing another $5 trillion onto the parabolic pile of debt & unfunded liabilities.

The explosive price of copper and oil together is more than coincidental (copper is a huge component in bullets) and where does the world get a huge amount of its oil? The middle east of course. Turbulence in the ENTIRE region and war/attacks in Yemen, Iraq, Iran, Afghanistan & Pakistan continues to spin out of control...continue to watch the price of WAR contractors.

US Promises Unlimited Assistance to Fannie, Freddie

The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac, an eleventh-hour move that allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress.

The Christmas Eve announcement by the Treasury Department means that it can continue to run the companies, which were seized last year, as arms of the government for the rest of President Obama's current term.

But even as the administration was making this open-ended financial commitment, Fannie Mae and Freddie Mac disclosed that they had received approval from their federal regulator to pay $42 million in Wall Street-style compensation packages to 12 top executives for 2009.

The compensation packages, including up to $6 million each to Fannie Mae and Freddie Mac's chief executives, come amid an ongoing public debate about lavish payments to executives at banks and other financial firms that have received taxpayer aid. But while many firms on Wall Street have repaid the assistance, there is no prospect that Fannie Mae and Freddie Mac will do so.