@kurteichenwald GOP doesn’t give a damn about democracy. They twist the constitution into a perversion and then say their actions are in defense of it. The GOP only care about power which means protection of rich white people who would gladly live in an autocracy to keep it.
The big problem we must solve or perish from the Earth is that we have perfected a system which sorts the worst people to the top of the pyramid.
The elite class has made psychopathy mandatory—whether through nature, nurture, or cult programming. It’s literally all of them now.
Either we raise hell and dismantle the economic and political system that installed this pack of misanthropists, or they will keep trying to replace us with machines—and/or to enslave us.
We must forge a new system that prioritizes humans or the system that allowed a pathologically racist trillionaire to get that much power—and to use it murder millions of people out of hatred—will kill billions.
At this point, anyone who cries about “socialism” as a boogeyman or defends the current psycho-capitalist nightmare is showing which side they’re on. We must force structural change, or the existing structure will crush us.
Mike Johnson wants you afraid of Zohran Mamdani.
-Not for Crypto coins sold from the White House for personal profit
-Not for a family that pocketed $500M from the UAE for access to our most sensitive technology
-Not of the pardons sold to drug lords while victims got nothing.
-Not of $750M in insider stock trades tied to companies the president directly regulates
-Not of president's sons running a drone company with hundreds of millions in government contracts
- Not of the war with Iran nobody voted for.
- Not of the veteran sleeping outside while Trump builds a golf course on your land with your money.
Not one word from Mike Johnson. Not one hearing. Not one subpoena.
He want you to be afraid of a 33-year-old son of a Tanzanian immigrant just won a democratic primary in New York City by promising affordable housing, lower subway fares, and a city that works for working people.
That's the threat to the foundation? The foundation was built by people exactly like him.
You watched it get sold and defended it.
Johnson isn't defending America. He's defending the people looting it.
Listen here you establishment hacks. All of you.
This socialist right here beat the Nazis and got us out of the Great Depression. He would like you to shove your neoliberal bullshit where it belongs.
He raised taxes to 91-94% on the wealthiest Americans.
GET A GRIP.
The two companies that triggered the 2008 financial crisis just hit 2008-level risk AGAIN.
Fannie Mae and Freddie Mac are now running interest-rate risk on their $5 trillion mortgage portfolio at levels they haven't held since the months before the crash:
Their "duration gap," the standard measure of how exposed their assets are to interest rate moves, has widened from negligible twelve months ago to roughly one full year today.
A half-percentage point rate increase would now wipe $1.2 billion from Fannie's portfolio and $1.6 billion from Freddie's. 12 months earlier, the same rate move would have caused barely any damage.
In plain English, the two companies that backstop roughly 70% of American mortgages just made themselves catastrophically vulnerable to the exact thing the Federal Reserve might do next year.
And this did not happen by accident...
Over the past twelve months they have added $135 billion to their retained mortgage portfolios. They have moved capital out of short-dated investments and into long-dated mortgage-backed securities.
They have left the rate exposure unhedged on purpose, because hedging would push mortgage rates higher and the administration wants mortgage rates lower.
The same pattern that broke them in 2008 is being REBUILT for political reasons in 2026.
And then comes the part that makes this truly insane:
While the GSEs were quietly leveraging up, the Federal Housing Finance Agency authorized them to start accepting Bitcoin as collateral for mortgage applications. So they are now stacking crypto exposure on top of leveraged interest rate exposure on top of $5 trillion in mortgage debt.
The same regulators who once admitted publicly that these companies were too risky to operate without government oversight are now letting them take on the kind of stacked risk that nobody at any commercial bank would be allowed to touch.
Here's how we got here:
In January, Trump made a televised announcement directing Fannie and Freddie to buy $200 billion in additional mortgage-backed securities. The press treated it as a bold housing affordability move. But what it actually did was authorize the GSEs to use up their remaining portfolio headroom and tilt those portfolios deeper into long-duration assets. Six months later, Bloomberg now has the data showing what that "bold move" actually built...
Richard Estabrook, a strategist at Oppenheimer, told Bloomberg that in the early years after the 2008 bailout, "the GSEs were in a sort of lockdown with strong risk oversight, maybe even excessively so."
The guardrails put up after the last crisis have been quietly dismantled. The companies are now operating with less constraint than at any point since the conservatorship began.
Every commercial property loan, every mortgage REIT in a portfolio, every multifamily fund, and every bank that holds these mortgage-backed securities is now sitting downstream of an interest rate bet that has no hedge.
If the Fed has to raise rates again, or if the bond market revolts against the $39 trillion national debt, the same dominoes start falling that fell in 2008.
The difference this time is that we built the dominoes back deliberately, in broad daylight, while telling the public it was housing policy.
The 2008 crisis was caused in part by Fannie and Freddie running the same playbook:
Congress wrote a thousand pages of legislation to prevent it from happening again, and the conservatorship was supposed to be the structural fix.
18 years later, that fix has been walked back, the leverage has been rebuilt, and regulators are stacking crypto on top of the same balance sheet that broke last time.
This should be on every front page in the world.
Please stop talking about who is "picking up the tab". We are a kakistocracy where the vast power and influence of the United States government is now for sale to the highest bidder.
WE are all paying for all of it, and we are multiples poorer for it...
The Big Bend border wall/etc. story is starting to feel just too big for our local news ecosystem. We’re exhausted and things are only amping up. If you’re a bigger TX outlet consider paying closer attention.
Look at the national park construction plan: https://t.co/naLWIrlpbT
JD Vance promoting his book about finding his way back to faith while helping manage Situation Room meetings on how to cover up for pedophiles is about as Republican as it gets.
Aside from desecrating the White House, you’re making MARINES stand there at attention for fucking dirt bikes?
You disrespectful, toxic Nazis are going to get destroyed.
Everyone in this white trash mafia has marked themselves for life.
BREAKING: In a shocking maneuver, Senate Republicans just BLOCKED a Democratic effort to BAN federal troops from entering polling stations or seizing ballots or voting machines. Makes you wonder what they’re planning this November…
BREAKING: We're suing the U.S. Fish & Wildlife Service over their plan to give away 715 acres of a public wildlife refuge to billionaire corporation Space X.
Americans shouldn't be sacrificing their public lands to subsidize a company owned by the richest man in the world.
Home Depot: The only place where buying a light bulb gets your face scanned like your a suspect and your car's plates tracked like a fugitive.
Facial recognition at checkout.
Flock cameras in the lot = hard pass.
Boycott Home Depot. Vote with your wallet.
ABSOLUTELY FUCKING REPULSIVE THAT PETE HEGSETH REMOVED COLIN POWELLS NAME FROM A LIST OF NOTABLE AMERICANS BURIED AT ARLINGTON CEMETERY 🤬 HE ALSO REMOVED THE NAMES OF EVERY PERSON OF COLOR AND EVERY SINGLE WOMAN ON THE SAME LIST 🤬ONLY WHITE MEN WERE LEFT IN PLACE 🤬
SO PLEASE TELL US ONE MORE TIME HOW THE TRUMP ADMINISTRATION RESPECTS AMERICAS FALLEN HEROES 🤬
Adam Hoffman raped his son’s best friend for 3 years
First-degree felony. Life without parole.
Ken Paxton’s office gutted it to 60 days. He walked free after 30.
No sex offender registration. His record scrubbed clean.
Texas protects predators with power!
Hey Ken Paxton :
I am an ex Waco child abuse prosecutor.
And while you are focused on bathroom stalls, I am focused on why you allowed Adam Hoffman sodomize a child and he is still a member in good standing of the Texas Bar.👇