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Open letter to the President, Congress and the Occupy Movement

by Jeffrey Simon on November 8th, 2011

Fannie Mae, Freddie Mac, Barney Frank and Chris Dodd — the biggest culprits behind the financial meltdown. Shame on you!

Here is an open letter posted today by Dick Morris and Eileen McGann:

Dear Friend,

Insult has just been added to injury! After bleeding the taxpayers for over $140 billion in bailout funds and then asking for more, the directors of Fannie Mae and Freddie Mac have voted themselves $13 million of bonuses — paid for by tax money!

It was the reckless lending policies of these two agencies that triggered the global financial collapse of 2008 and, other than AIG, they are the only entities which have not repaid their TARP bailouts. To grant themselves hefty bonuses as a reward for this misconduct is almost beyond description!

Please sign this petition addressed to the federal regulator who oversees these two agencies and to Treasury Secretary Tim Geithner. We will also send your signatures to your individual Senators and Congressmen (give us your physical address so we can do so).

Let’s take action! These bonuses are an offense against decency. We’ll add you to our Alerts email list so we can keep you posted on progress and let you know if we need to take further action.

Let’s not be fleeced by Fannie and Freddie again!!!


Dick Morris and Eileen McGann

You can find this petition here and Dick Morris’ video commentary here.


Shame on us if we let this pass!

Shame on the Occupiers if they let this pass!

Shame on me for not standing up sooner!

And shame on you if you are not outraged too!

From → Pithy Politics

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