Well, well, well, those fine folks at Fannie Mae,the same ones who brought on the mortgage crisis and devastation to home owners across America hold a patent on Cap ‘n Trade. Say what???

Wait, before I go any further,don’t know what Cap’nTrade is even though we keep hearing about it ad naseum?

OK, here’s what it is. Those fine folks running around with their hair on fire, the ones that are arrogant enough to think that they can control the world’s climate irrespective the the sun, the tilt of earth’s axis, the flow of the oceans, and a multitude of other factors have devised a plan whereby they will help us all control the amount of carbon each one of us emits through our travel, manufacture of goods, energy use, etc. No word yet on whether a system is being worked on that will control the amount of carbon dioxide we emit every time we breathe!

Here’s how the goofy plan works.

• Companies will be limited to the number of tons of emissions of carbon they can emit… hereinafter known as the Carbon Emitters… they will also need a permit from the government to emit these carbon gasses.
• Some companies will never reach the mythical carbon limit and therefore will have carbon credits to sell to the Carbon Emitters.
• The cost of buying and selling these credits would be determined by the marketplace which really means the government again, since this Administration is against private enterprise and has already shown it wants to control everything!

Now boys and girls the real motive behind Cap ‘n Trade… the Profit Motive … according to Cap & Trade 101. Estimates by the Congressional Budget Office project that an economy-wide cap-and-trade program would generate at least $50 billion per year, but could reach up to $300 billion! Pretty sweet way of taking even more money out of the pockets  of hard working small business owners and Americans.

Wait, it gets even better. We are already holding auctions for these carbon credits. These actions are being managed by companies with names like the Social Carbon Company. Can you spell Monopoly Money? No, how ’bout this. In 2009, Green News announced that $117 million was netted in a carbon auction. That’s better than chum change.

All of which brings us back to Fannie Mae and its ownership of a patent. It seems they now have a vested interest in carbon exchange on the residential level. This from a Conservative Mom:

The crooks at Fannie Mae have devised a system for trading residential carbon credits (that would be carbon credits for your PERSONAL HOME) that they want to patent. This gives them a vested interest in making sure that Cap-and-Trade legislation passes. The Nanny State elites don’t just want to control your personal carbon footprint. They want to profit from tyrannizing you!

Oh, BTW, did I mention that the folks at Fannie Mae have been working on the carbon patent since 2005!?! Gee, and I thought their mandate revolved around affordable housing and the like.

Representatives Chaffetz (R-UT), and Rep. Issa (R-CA) are seeking answers to basic questions about this scheme, like why were they even working this to begin with?

Tomorrow…who are the recipients of the patent?