Government Confiscates Daughters College Fund In Fannie, Freddie Struggle by TimHowards717
Our light of truth campaign is proceeding very nicely. Our readers have been I want to share a few letters that we received from some of our readers. The first to Obama offers a nice sample for others to follow. It is very respectful and well written. Folks these are the letters that need to be written and the stories that need to get out. Thanks again Nicholas for allowing us to share your letter, bravo.
“Nicholas Bradford Isbell
6802 Rannoch Road
Bethesda, Maryland 20817
Mr. Barack Obama
President of the United States
The White House
1600 Pennsylvania Avenue, NW
Washington, DC 20500
March 21, 2014
Dear President Obama:
I am a former Fannie Mae employee and long-term (pre-conservatorship) Fannie Mae shareholder. I write to you as a fellow American, and also as the father of a 13 year old daughter, to ask that you reconsider your administration’s posture towards Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) investors.
By way of background, I am an ordinary American who was raised to believe in this country’s values and government; I am not a Wall Street tycoon or some other caricature. It is very important to me to be able to provide my daughter with the same higher education opportunities that I am confident you and the First Lady envision for your daughters. Sadly, however, I fear that my plans in this regard are being undermined by my government’s hostile stance towards Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) shareholders, as reflected in the actions of the Treasury Department and FHFA.
I am truly at a loss to understand the seeming governmental vindictiveness towards GSE investors such as myself. Why are we singled out for financial punishment? I am a law abiding citizen who plays by the rules. I invested in Fannie Mae, many years ago, because I believed in both the organization’s mission and the long term financial prospects; I still do.
To the best of my knowledge, no one is disputing the premise that taxpayers (of which I am one) deserve to be compensated for their financial support of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) back in 2008. But I don’t think that any fair minded person would say that the Treasury and FHFA’s 2012 “Sweep Amendment” was just. How can the government arbitrarily and unilaterally change the terms of an agreement, to the utter detriment of investors such as myself, after a deal has been struck? What did my family do to merit having our government confiscate my daughter’s college fund?
My sense is that the unkind treatment of GSE investors is an oversight or aberration on the part of your administration; I recognize that you and your senior officials probably have other, more pressing priorities. And I don’t doubt that Treasury’s actions, although in my view misguided, were well intentioned. But I hope that you will find time to reassess the issue of how GSE investors are treated.
Cc: Mr. Joe Biden; Mr. Melvin Watt; Mr. Jacob Lew; Ms. Mary Miller; Mr. Mark Warner; Mr. Bob Corker; Mr. Mike Crapo; Mr. Tim Johnson; Mr. Ralph Nader; Mr. Bill Ackman; Mr. Bruce Berkowitz.”
The second is by our reader Rob; this offers a nice sample of a letter to the media. Rob briefly covers many of the key points well. Thanks Rob!
“Just did a small part today, Emailed the following to Paul Krugman, Amy Goodman of Democracy Now and PBS Frontline.
Hello, ______________, I appreciate your programs and especially the in-depth reporting you are able to provide us. This is a suggestion for an in-depth look into the biggest heist in all of history, just give me a moment.
If you have followed what the Fed, Treasury, Congress, the Media and most of Wall Street seem to agree on, The brazen and illegal taking of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). The demagoguery that all of these players inflicted upon these two GSE started immediately as the financial crisis began and continues today. After 6 years and billions of dollars from settlements that banks have paid to wash away the fraud that was perpetrated against F&F, our Government is attempting to nationalize two private companies. This illegal taking of private property on a scale of Trillions in assets, if successful, will be the largest heist in all of human history, past, present or future combined. It will also spell the end of the rule of the law in this country.
There are several lawsuits in process now and we who believe the threat to America this represents are hopeful that someone will shine the light of truth on this subject before it is too late. If not ________________, would you know who might be in a position of extreme independence since all sides of power seem to agree on this one. Republicans would love to kill F& F as they have always been against them. Democrats just like the Cash Cow F& F have become since they cannot figure a way to raise taxes.
http://timhoward717.com/ is the best source for information unfiltered by those mentioned above. The lawsuits documents alone are very compelling but certainly some of the commentary is worth your perusal as well.
I am not a hedge fund, however I do own 8000 shares of common stock, which is exactly why I would even know about these potentially criminal acts.
Good Day to you.”
Ethan provided this helpful tip to us,
“It should be your congressmen and your two senators. You can find out who your congressmen is right here http://www.house.gov/representatives/find/. And your senators here http://www.senate.gov/general/contact_information/senators_cfm.cfm
It needs to be YOUR congressmen I was an intern for mine in DC, belive me when I say if your not in there district they don’t care the least bit and nothing will get to that congressmen. If you are constituent and don’t come off as crazy or hateful in bad taste, in any way it will your voice will be heard.”
So let’s keep those messages flowing, we are being heard, remember all its takes is one big news story to blow the lid off the whole scheme. Also, there are more politicians in DC on our side than you may think, the emails to your politicians are critical. Keep the Faith!