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September 7, 2008 at 8:27 AM in reply to: Uncle Sam is going to take over Fannie Mae and Freddie Mac #267454September 7, 2008 at 8:27 AM in reply to: Uncle Sam is going to take over Fannie Mae and Freddie Mac #267471
cr
Participant[quote=Officials] that the executives of both institutions had been replaced. Herb Allison, a former vice chairman of Merrill Lynch, was selected to head Fannie Mae and David Moffett, a former vice chairman of US Bancorp, was picked to head Freddie Mac.[/quote]
Absolutely brilliant!
Replace the heads of two failed institutions with the heads of two other failing institutions.
I sometimes wonder if our Government says to themselves, let’s see if the people get a kick out of this one!
The justification is pathetic. In other words, if you want to be bailed out (Washington Mutual, Bank of America, Citi Bank, etc, et al.) make as many reckless loans as you possibly can.
September 7, 2008 at 8:27 AM in reply to: Uncle Sam is going to take over Fannie Mae and Freddie Mac #267517cr
Participant[quote=Officials] that the executives of both institutions had been replaced. Herb Allison, a former vice chairman of Merrill Lynch, was selected to head Fannie Mae and David Moffett, a former vice chairman of US Bancorp, was picked to head Freddie Mac.[/quote]
Absolutely brilliant!
Replace the heads of two failed institutions with the heads of two other failing institutions.
I sometimes wonder if our Government says to themselves, let’s see if the people get a kick out of this one!
The justification is pathetic. In other words, if you want to be bailed out (Washington Mutual, Bank of America, Citi Bank, etc, et al.) make as many reckless loans as you possibly can.
September 7, 2008 at 8:27 AM in reply to: Uncle Sam is going to take over Fannie Mae and Freddie Mac #267548cr
Participant[quote=Officials] that the executives of both institutions had been replaced. Herb Allison, a former vice chairman of Merrill Lynch, was selected to head Fannie Mae and David Moffett, a former vice chairman of US Bancorp, was picked to head Freddie Mac.[/quote]
Absolutely brilliant!
Replace the heads of two failed institutions with the heads of two other failing institutions.
I sometimes wonder if our Government says to themselves, let’s see if the people get a kick out of this one!
The justification is pathetic. In other words, if you want to be bailed out (Washington Mutual, Bank of America, Citi Bank, etc, et al.) make as many reckless loans as you possibly can.
cr
ParticipantSo what then do they do with all the homes they’ll inherit as foreclosures continue to set records?
cr
ParticipantSo what then do they do with all the homes they’ll inherit as foreclosures continue to set records?
cr
ParticipantSo what then do they do with all the homes they’ll inherit as foreclosures continue to set records?
cr
ParticipantSo what then do they do with all the homes they’ll inherit as foreclosures continue to set records?
cr
ParticipantSo what then do they do with all the homes they’ll inherit as foreclosures continue to set records?
cr
ParticipantHere’s more of the rumors
http://www.msnbc.msn.com/id/26567533
It will probably happen Sunday like Bear Sterns.
China will not be happy and may do something as drastic as dumping some of their US bonds, but as US spending declines and their economy tanks as well, they need us to keep buying their imports.
What a joke though. Lend as much money as you possibly can with no regard to the capacity of being paid back and tax payers, against our will and all better judgement, will bail you out.
cr
ParticipantHere’s more of the rumors
http://www.msnbc.msn.com/id/26567533
It will probably happen Sunday like Bear Sterns.
China will not be happy and may do something as drastic as dumping some of their US bonds, but as US spending declines and their economy tanks as well, they need us to keep buying their imports.
What a joke though. Lend as much money as you possibly can with no regard to the capacity of being paid back and tax payers, against our will and all better judgement, will bail you out.
cr
ParticipantHere’s more of the rumors
http://www.msnbc.msn.com/id/26567533
It will probably happen Sunday like Bear Sterns.
China will not be happy and may do something as drastic as dumping some of their US bonds, but as US spending declines and their economy tanks as well, they need us to keep buying their imports.
What a joke though. Lend as much money as you possibly can with no regard to the capacity of being paid back and tax payers, against our will and all better judgement, will bail you out.
cr
ParticipantHere’s more of the rumors
http://www.msnbc.msn.com/id/26567533
It will probably happen Sunday like Bear Sterns.
China will not be happy and may do something as drastic as dumping some of their US bonds, but as US spending declines and their economy tanks as well, they need us to keep buying their imports.
What a joke though. Lend as much money as you possibly can with no regard to the capacity of being paid back and tax payers, against our will and all better judgement, will bail you out.
cr
ParticipantHere’s more of the rumors
http://www.msnbc.msn.com/id/26567533
It will probably happen Sunday like Bear Sterns.
China will not be happy and may do something as drastic as dumping some of their US bonds, but as US spending declines and their economy tanks as well, they need us to keep buying their imports.
What a joke though. Lend as much money as you possibly can with no regard to the capacity of being paid back and tax payers, against our will and all better judgement, will bail you out.
cr
ParticipantLol, guess that one needed more info.
They seem to be replacing the trolls on here who used to claim there was no way RE would go down.
Survival of the fittest?
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