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[Politics/Econ] Fannie-Freddie, worse than initially thought! Holy *feces*

 
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Aske
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[Politics/Econ] Fannie-Freddie, worse than initially thought! Holy *feces*
« on: September 08, 2008, 12:33:43 PM »

http://www.bloomberg.com/...sxbVS.W2lQ&refer=home

taxpayers on the hook for more?
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Rich Corinthian Leather Jacket

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Re: [Politics/Econ] Fannie-Freddie, worse than initially thought! Holy *feces*
« Reply #1 on: September 08, 2008, 07:05:34 PM »

The wingnuts have seized on this as another example that Gubment can't do anything right, even though the failure was precipitated by allowing other private banks to sell the same kind of securities that only FannieMae could until the 90's.

People will of course buy the lie that Fannie Mae is a Gubment agency, and for the first time in history we'll privatize something that's already privatized.
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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
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