"America was founded on the principle of inalienable rights, not dictated duties. The Declaration of Independence states that every human being has a right to life, liberty and the pursuit of happiness. It does not state that he is born a slave to the needs of others." ~ Alex Epstein
US Charges ex-Fannie, Freddie CEOs with Fraud
Submitted by Melinda L. Secor on Sun, 2011-12-18 02:00
"The executives were accused of understating the level of high-risk subprime mortgages that Fannie and Freddie held just before the housing bubble burst. 'Fannie Mae and Freddie Mac executives told the world that their subprime exposure was substantially smaller than it really was,' said Robert Khuzami, SEC's enforcement director. Khuzami noted that huge losses on their subprime loans eventually pushed the two companies to the brink of failure and forced the government to take them over."
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