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Officials announce takeover of mortgage giants

More deception/ corruption related to Mr. Bush's administration. Not sure how ANYONE could vote to extend the Republican reign after so many complete disasters over eight years.

Wow. It's not even socialism anymore; it's just blatant communism.

Yeah, I'm sure the Federal Govt can make this all better.

They are the masters of efficiency.

Another Government Layer in the non-Government Republican ideology of privitization to greedy people doing the "right thing".

It's troubling when the gov't has to bail out all of these giant businesses. What it really boils down to is that the American people are going to have to foot the bill (again.)

Some regulating is good; but the gov't never did anything more efficiently than the private sector, and I see it as another boondoggle. Wouldn't it be better to let these businesses face the consequences? Brighter minds than mine have struggled with what to do, but I don't see how we can keep pumping money into these businesses that we don't really have. The Fed keeps printing more and more money and it's ultimately going to cause the dollar to tumble. It feels like a house of cards.

So long as Americans insist on electing to office, people who believe in leaving it up to the CEO's, and not to allow government regulators any power, we will continue to see fiascos such as the housing finance crisis.

We supposedly pay the business leaders tons of money because their expertise merits it, fool me once, shame on you, fool me twice, shame on me.

Well shame on all of us, we deserve it.

What would Sarah do?

Put the messages up ALL of them Des News.

I'm sure most conservatives will find a way to blame Clinton. After all, the Republican Party is the party of personal accountability. As long as they are held accountable.

Thanks republicans. Thanks for the terrible economy, the dead in a war that was wrong, and for a future that is bleak. Thanks everyone.

Sheep? what is the answer... come on, you know what it is............

On the one hand if these companies failed it really would effect a lot of people on the other hand bailing them out with my tax dollars is pure socialism. All I can say is if I'm part owner in these companies now they had better change their practices so they start making money, meaning no more loans to people who can't pay them back. If that means 90% of the people can't get loans anymore and house prices crash 50% so be it. It's better than turning our country into a socialist nation just because our government deems a company too big to fail.

This article states that it could cost taxpayers tens of billions, actually it could cost hundreds of billions. I don't believe what it says when they say stock holders lose almost everything, nor do I believe that these executives are leaving without millions of dollars in payoffs.

Since taxes are not being raised to pay for these hundred billion dollar give aways from the government, it is a good thing that there is a "free lunch." The "free lunch" however, is nothing more than tomorrow's inflation. Watch out you that have been saving and are not the beneficiaries of these government handouts.

How long will it take to undo that which the Bush administration has corrupted. Unfortunately Americans have lamented to having to choose between a borderline Communist and a liberal Republican.

Bob Barr '08

Having a VP that can gut a moose will help us!

You were promised a booming economy from trickle down economics. This was going to rise salaries and the average America's standard of living. "All boats rise in a rising tide."

Dear Torn, we wouldn't be bailing out these companies if unregulated business worked. Why aren't you complaining about socialist Utahans? Utah gets more federal dollars than Utahan pay in.

This is intellectually amazing to observe. At what point will people change their world views if all the facts show their paradigm doesn't work?

The classic view is that, when faced with problems, people should adapt to over come them.

In 1776, the GDP of America was small, life was simpler and there was no global economics. You think, the same solutions will work today? You didn't need to worry about health care when doctors used leeches.

Nowhere on earth you will find a pure form of capitalism. Do you wonder why? People are just inanely stupid? Did economic systems adapt to solve problems encountered with capitalism?

On the other side; more socialist European nations have free markets. There are no government run cafes in Sweden.

Clinton left Bush a budget surplus. Yes, a liberal democrat. And 8 years of Bush and 6 years of a Republican controlled Congress left us this huge deficit and economic wasteland. I don't want to hear any more Republican talk about "tax and spend" liberals anymore. The Republicans take that honor. NEXT?

I refuse to believe that the leaders of freddy and fanny did a bad job. They made millions in pay, and had their taxes cut, which is what republicans said was necessary for them to be able to have the motivation to lead well.

So there must be some other reason for the failure.

It was not Clinton it was the two administration before him. Clinton just rode the waves is all.

Not that long ago the Bush administrationw was singing, "Everthing is beautiful..."

and now this. I pray that my children will not live under any more republicans. what a bunch of idiots and corrupt officials.

there goes the promise of less government, down the toilet and they keep saying that the economy is not bad?

This could toss us into another Great Depression and a run on the banks folks. ARE YOU ALL HAPPY NOW?. When you borrow learn to pay off your own loan's, not stiff the tax payer's with em. All because of your greed of home equity loans, that came due after 5 years, all you paid on them was the interest only, before the bubble bursted, when it went up in value's, you played your cards wrong, because in higher education they don't teach you "common sense 101" and your to stupid to figure it out on your own. So here's your liberalism 101 class here - HERE WE GO AGAIN FOLKS, when they say the government, they mean the do nothing liberal Congress looking for a quick "tax the middle class and spend" families for the next 200 years to pay for their "I had a dream" crap, as they boast "the government's planned takeover of Fannie Mae and Freddie Mac, expected to be announced as early as today." How about break it all apart, regulate the smaller parts, and do away with liberal de-regulation?. Or is that to Republican for their socialist utopian world?. I think so.