Saturday, June 26, 2010

Disgraced Fannie Mae deep in carbon scheme: Mortgage giant set to collect millions marketing homeowners' energy savings

Jerome Corsi reports:
With the Obama administration pushing for cap-and-trade legislation, former Clinton and Obama adviser Franklin Raines has positioned the government-sponsored mortgage giant Fannie Mae to make millions by selling carbon credits from American homes.

Two patents applied for by Raines as one of several "co-inventors" – Nos. 6904336 and 7133750 – create a "method for identifying, quantifying, and aggregating reductions in residential emissions into a tradable commodity." The patents are identically titled "System and Method for Residential Emissions Trading."
Imagine that.