[quote=patientlywaiting]jficquette, what do the GSEs have to do with this bailout here? You’re conflating issues here.
The GSEs have already been nationalized! Remember?
This bailout is to buy the bad paper owned by private banks, not the GSEs.
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You don’t think taking over $5 Trillion in debt is an issue here? The GSE’s orginated a lot of this bad debt and sold it to pension funds, other countries, Banks etc.
If the GSE’s had not bought and sold all that bad debt we would not be where we are today.
