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Monday, January 24, 2011

Morning Newsdome: Taxpayers spent more than $130 million covering Fannie Mae's butt in court

Fannie Mae headquarters
>> Taxpayers have spent more than $160 million defending the mortgage finance companies Fannie Mae and Freddie Mac in civil lawsuits accusing them of fraud since the government took them over. The legal payments, which were heavily guarded until Congress requested a number last week, show no signs of lessening. Fannie Mae: leading the country in financial responsibility. (the New York Times)

>> A suicide bomber, reportedly a Muslim rebel, killed at least 31 people and injured a 100 more at Russian biggest airport today. TSA pat-downs don't look so bad now, huh? (Reuters)

>> Irish Prime Minister Brian Cowen stepped down as leader of the conservative Fianna Fail political party this weekend after being criticized for taking the E.U. $114 billion bailout last year. Don't make the Irish go back to austere times! (the New York Times)

>> Iran refused to engage on any proposals regarding its nuclear program after two days of nonstop talks with the U.N. Security Council. Countries like Russia and China, who used to defend Iran's right to nuclear technology, are now question the country's policies. Keep your friends close, and your one with a nuclear arsenal closer? (the New York Times)

>> And finally: Male and female undercover British police officers infiltrating anarchist environmental groups were reportedly encouraged to sleep with the left-wing insurgents, who "have an extremely promiscuous lifestyle," to infiltrate the group. Just don't kiss with your eyes closed, never have breakfast with them in robes in the morning, and whatever you do, don't fall in love! (the Guardian)

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