Crime, Inc. - Fannie Patent

Crime, Inc is a story Glenn's been telling you about involving a group of government insiders who stand to make money off cap and trade legislation if it passes. Once of the hose players is Franklin Raines, the former CEO of Fannie Mae. He left the company in 2004 after he inflated earnings by about 9-billion dollars. While Raines was CEO, he and a couple of other Fannie executives applied for patents on a "residential emissions trading program." So why would Fannie Mae and Franklin Raines care about cap and trade? Glenn's not the only one who wants to know... Two members of congress are also seeking information Fannie's interests.

On Thursday, May 13, 2010, Representative Jason Chaffetz (R-UT) along with Representative Darrell Issa (R-CA) sent a letter to David Kappos, the Director of the U.S. Patent and Trademark Office, as well as Michael Williams, President and CEO of Fannie Mae, seeking information concerning a patent issued to Fannie Mae regarding a residential Cap and Trade system.

On June 7, 2005, the U.S. Patent and Trademark Office (USPTO) issued a patent for a “System and Method for Residential Emissions Trading.” The patent was assigned to Fannie Mae and CO2e.com, LLC of New York. Listed as the inventors on the patent were former Fannie Mae Chairman and CEO Franklin Raines, as well as former Fannie Mae Executives Scott Lesmes and Robert Sahadi.

This patent was issued during a crucial time in the country’s housing market. The House Oversight and Government Reform Committee issued a report last year saying Fannie Mae and brother agency Freddie Mac contributed to the housing bubble bursting. “According to an analysis presented to the Committee, between 2002 and 2007, Fannie and Freddie purchased $1.9 trillion of mortgages made to borrowers with credit scores below 660, one of the definitions of “subprime” used by federal banking regulators. This represents over 54% of all such mortgages purchased during those years.”

Currently, taxpayers will be expected to backstop at least $145 billion of Fannie's and Freddie’s losses, and just last week Fannie Mae said it needs another $8.4 billion by June 30. Rep. Chaffetz told Glenn on Fox News that because the government is the majority owner of Fannie, it should have to open up its books.

Copy of the Chaffetz/Issa letter can be found here.

Copy of the patent can be found here.

Other Fannie Mae patents can be found here.

How many times must the corporate media get something completely wrong — and attack anyone who dares to disagree — before we realize who they have become?

On the radio program Friday, Glenn Beck shared an article from the Daily Caller titled, "Eight Anti-Trump Narratives the Media Finally Had to Admit Were False All Along." From the Lafayette Square controversy to the denial that COVID-19 could have anything to do with a lab in China to the "Russian bounties" story, the list of mainstream media conspiracy theories goes on and on. If it were anyone but the liberal media who got the facts this embarrassingly wrong, they would have been out of a job long ago.

Watch the video clip below to hear eight of the most anti-Trump the narratives shamelessly pushed by the media — that were completely wrong.


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Former President Barack Obama sat down with CNN's Anderson Cooper recently for an interview scheduled to air in full on Friday. During the interview, Obama scoffed at the idea that critical race theory could be a "threat to our Republic," while claiming that "right-wing media venues" are "stoking the fear and resentment of a white population."

On the radio program Wednesday, Glenn Beck set the record straight: the right-wing media's efforts to call out the far-left have nothing to do with race in America, but rather everything to do with protecting our way of life that is being threatened more and more each day by the radical, Marxist ideology seeping into government.

"Mr. Obama, you lied," Glenn asserted. "You used the IRS to hunt down your enemy. You spied on the media. And your health care package, which was supposed to save every American $3,000 per year, has helped some, perhaps, while raising the cost of everyone's health care in double and triple percentages. But the worst thing that you did, is you planted, you watered, and you protected the Marxist seeds, by crying race."

Watch the video clip below to hear more from Glenn:

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Our sacred republic has never been in more danger than it is today. Little by little, industry by industry, the far Left is fundamentally transforming the country we love. And it's an aggressive, hostile kind of takeover we've only seen in some of the world's darkest societies.

On Glenn TV this week, Glenn Beck exposes how the Biden administration and Democrats are aggressively scrambling to reset everything: our free and fair voting system, our kids' education, our policing, immigration and border security, our economy, our military, and our energy supply.

Finally, Congressman Dan Crenshaw (R-Texas) joins to discuss how Biden's "woke" policies are threatening America's national security and our way of life.

Watch the full episode below:

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Apparel company The North Face recently stated that it would no longer make jackets for oil and gas companies because it doesn't want to be associated with the fossil fuel industry. In response, Colorado-based oil and gas company Liberty Oilfield Services rented full billboard ads to remind The North Face of the truth: "Globally, 60% of all clothing fibers are made out of oil and gas. For North Face, it is likely 90% or more."

Liberty CEO Chris Wright joined Glenn Beck on the radio program Tuesday to discuss just how much of our economy — beyond outdoor apparel and energy — wouldn't exist in a world without fossil fuels. And he warns that many companies are now deeming this truth to be "controversial."

"I have been for years, trying to get a real, honest dialogue about energy going," Chris told Glenn. "So we took this opportunity to point out that North Face jackets are ... almost completely made out of oil and gas. How can you choose not to associate with the essential material your equipment [is] made out of? So we put a billboard up ... the billboard says, 'That North Face puffer looks good on you. And it was made from fossil fuels.'"

"Most billboard companies did not want to run that billboard. They thought it was controversial," he added. "And Facebook put a hold on our brief video just saying the jacket looks good, this is what it's made out of. In today's world, that is controversial."

Watch the video below to catch more of the conversation:

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