Monday, October 20th, 2008 | Author:


WASHINGTON – Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.

AP writer Pete Yost’s expose about the behind-the-scenes, beyond-the-pale maneuvering of Freddie Mac to retain their power should surprise no one. This is what Washington has become, and Thomas Jefferson warned us repeatedly that it would happen. And lest anyone use this as a means to villify just our elected officials, the ultimate responsibility lies with a non-thinking, uninterested citizenry.

All tyranny needs to gain a foothold is for people of good conscience to remain silent.

Educate and inform the whole mass of the people… They are the only sure reliance for the preservation of our liberty.

Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories.

If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.

Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.

I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country.


I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

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