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What does Fannie Mae have to do with Cap & Trade?

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posted on May, 18 2010 @ 08:53 PM
Here's one to leave you scratching your head.

Fannie Mae, which is a residential housing lender, has a US patent for something called “System and Method for Residential Emissions Trading”, which is described as the machinery necessary to facilitate the carbon trading system as established through cap and trade.

Representatives Investigate Fannie Mae Patent

Republican Representatives Jason Chaffetz (Utah) and Darrell Issa (Calif.) are in the process of seeking information concerning a recent patent acquired by Fannie Mae regarding the cap-and-trade system. The Representatives and many Americans are confused as to the role Fannie Mae intends to play in cap and trade since Fannie Mae is a mortgage company.

When visiting the Fannie Mae website, the company’s mission statement reads, “Fannie Mae is committed to supporting and aiding in the efforts to stabilize the housing market.” It seems, however, that Fannie Mae is attempting to take on a new role within the federal government, and it involves cap and trade and the Chicago Climate Exchange.

In June 2005, the United States Patent and Trademark Office issued Patent No. 6,904,336 to Fannie Mae for a “System and Method for Residential Emissions Trading.” The patent was approved for then-chairman and chief executive officer Franklin Raines, who is now better known as a notorious fraudster. The “system and method for residential emissions trading” is the machinery necessary to facilitate the carbon trading system as established through cap and trade.

Chaffetz states, “I have serious questions about why Fannie Mae, back in 2005, was working on a Cap and Trade scheme. Why would they be spending their resources on something that is well outside of the scope of Fannie Mae’s charter?”

Furthermore, former Fannie Vice President Scott Lesmes was listed on the patent as a co-inventor on the patent. You may recall Lesmes played a large role in the downfall of the housing market through his use of risky “bundling” of mortgages that were resold to investors as mortgage-backed securities. The same Scott Lesmes has been placed in charge of the carbon trading system and intends to use a similar method of “bundling” to sell air.

Read more: The New American

What the heck is a housing market lender doing creating a system for implementing the Cap & Trade scheme?

Considering the fact that the co-creator of this patent is the same A-hole who came up with the mortgage bundling system that caused the economy to collapse, this scares the crap outta me.

posted on May, 18 2010 @ 09:26 PM
Carbon credits, the next vehicle in the agenda.

Why don't we ask the Europeans how that is going? Corruption, mismanagement. Fraud.

Hmmm, sounds like our federal reserve system tied into our banks. Where has that led us in the past 40 years? They removed the gold standard just a mere 40 years ago. Did not take long for that to destroy the wealth of everyone except the elite.

Now, they are instituting the next playbook. Wonder what that has to do with control? Cap and Tax, hoaxed manmade global warming.

Hell, even one of the idiots admit that the CO2 drop they are expecting will not change anything. So, what is the real purpose?

Could it be? Could it actually be just another SCAM to control and tax?

I think everyone knows my viewpoint.

posted on May, 19 2010 @ 10:06 PM
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posted on May, 19 2010 @ 10:10 PM
reply to post by two0426

Well, uh, thanks for your reply.

I think.

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