ELDER PATRIOT – When Bernie Madoff defrauded investors he was vilified by the establishment media as well he should’ve been. When President Obama did it the same media remained silent essentially unified in support of the president’s illegal activities.
Thanks to the investigative work of Jerome Corsi we have learned that ex-President Obama illegally diverted taxpayer funds from Fannie Mae and Freddie Mac, the nation’s government-sponsored mortgage giants, in order to keep Obamacare from imploding during his time in office.
As much as anything else this serves as exhibit A of the media’s willing acceptance of any illegal behavior as long as it is props up the Democrats’ excesses in furtherance of their big government-corporate partnership.
That wasn’t his administration’s only illegal diversion of funds to prop up his lies of healthcare affordability, however. Corsi reports: “In 2016, a U.S. District judge caught the Obama administration’s Health and Human Services Department acting unconstitutionally and therefore put an end to the illegal diversion of taxpayer funds.”
It was only after a judge’s summary judgment order to cease and desist that Obama turned to Fannie and Freddie to fleece their investors in continuing his illegal activities.
“A key date is May 12, 2016. That was the day when U.S. District Judge Rosemary Collyer, in the case U.S. House of Representatives v. Burwell, (130 F. Supp. 3d 53, U.S. District Court for the District of Columbia), ruled against Health and Human Services Secretary Sylvia Matthews Burwell,” Corsi wrote.
Essentially HHS Secretary Sylvia Burwell under orders from President Obama violated her fiduciary responsibility by diverting funds directly to insurance companies that have been collapsing in spite of billions of dollars in these illegal subsidies.
Then, after a court admonished Obama’s HHS Secretary, Obama continued illegally diverting of funds from at least two other sources – The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.
Fannie and Freddie are publicly traded companies meaning that President Obama stole – yes stole – money from those investors to put off the collapse of his healthcare debacle until he had left office.
The New York Times, the Washington Post, ABC, NBC, CBS, and the entire establishment media ignored the unconstitutional aspects of Obama’s healthcare imposition from its inception and when it was collapsing under its own weight as those opposing it warned, the same establishment media ignored his illegal financial dealings to keep it going.
It’s understandable, though. They were busy investigating six disenchanted Trump University students.