Nancy Petroski and Harry Greed are still running things in Congress I see..
-convicted any ball players lately?Sorry- did I say running?I meant
stumbling and playing their fiddles while the economy burns.. Please don't let
us dig off shore oil!We have a Democrat Congress and some of you people
want a Democrat President?Saturday nite live could use that joke.
This is getting more and more interesting.
whoa nellie - Fannie Mae and Freddie aren't in the private sector - they are
quasi-government organizations- half private half public - there's the private
half where the executives and board of directors get rich while running the
company into the ground and the public half where the Government assumes all
losses associated it with poor management - beautiful country ! also the private
half where ordinary shareholders get hosed - what a ponzi scheme the stock
your tax dollars aren't funding this takeover- they're going to sell more debt
to the Chinese and Russians and Koreans and rich oil producing nations (Saudi,
Dubai, UAE) and guess what happens when they stop buying American debt? Interest
rates are going through the roof. Blaming Republicans or Bush is so
mindless. I blame Congress as a whole (Dems and repubs) for allowing Fannie and
Freddie to buy so many mortgages that weren't viable. Who jammed the idea down
the people's throat that everyone needed to own a home? I agree with 9:40
am - if you think this is a capitalist society then you're living in a dream
world - the Government is subsidizing banks, pharmaceutical companies, farmers,
soon to be auto manufacturers
I need a federal bail out too! If the government doesn't take over my mortgage,
it could seriously impact my ability to by a future home, a car and other credit
Fannie Mae and Freddie Mac were created by the federal government years ago then
turned them over to the private sector. Shows how well the greedy private
sector conducts business.
I am amazed at all the goverment blame going on. The government did not make
people pay more for their houses than they are worth today. The problem lies in
the fact that large numbers of home buyers are not making the payments they
agreed to make. Lots of investors, including retirees have billions of dollars
invested in what were thought to be safe investments. You may disagree with the
tactics, but FHLMC and FNMA were bankrupt. If the investors were to
lose out and homeowners were evicted, the drag on the economy would be huge.
There is no simple solution. Non-paying homeowners are the source of the
problem, aided by underwriting that did not anticipate a nationwide downturn in
It's time to let the greedy 'capitalist,' 'free-market mongering,'
'privatization' based corporations simply collapse... and let the competitive
spirit of the 'free market' start all over again... yea right!Those
who support neo-con Republican right wing-nuts Corporate socialists just don't
get it. By voting for Republicans one is simply voting for the further
destruction of our economic well-being in the name of lower taxes (which we pay
back by bailing out Republican-led corporate greed caused by 'privatization'),
reducing social services costs (which we pay for with increased food recalls,
sky rocketing medical costs, etc.), and the list goes on.When are
the common working middle-class Americans of Utah going to quit letting
themselves be duped into thinking that voting for Republicans (especially right
wing-nuts) is in their best interests, when it is patently not?
Dear "Shame On Us" Fannie Mae was created by FDR. It was regulated by the
Federal Government, who seem to be fouling up too many things these days. To
think socialism will save us is certainly vanity, since it was FDR's flirt with
socialism that got us into this mess.This bailout will eventually
catch up with us and as Brother Chuck points out it could toss us into another
Great Depression. I'd certainly not want to be our president for the next 8
years. No matter what party.
CONgress has a 9% approval rating among likely voters yet most of you will
re-elect the crook that "represents" you in the District of Criminals.
Pathetic! All of you who vote party lines are to blame for the robbery of our
tax dollars that has taken place in the past year. VOTE 3rd party and truly
Brother Chuck Schroeder | 6:10 This is Bush's solution. He's your man!
How come nobody has brought up that these two companies were bailed out a few
years ago, by CONGRESS? That is why they aren't working right. Who has to run
a business right when you think and have been bailed out every time. CONGRESS
is most at fault for bailing them out in the first place, which helped from this
This can be laid at the feet of us. Americans. We wanted the nanny state and we
got it in spades. Now we will live with the consequences that no party can save
us from. Get ready for hyper inflation.
The conservative leadership of this country has allowed unregulated Capitalism
to turn into Socialism they claim to be against. Heck of a job.
This is just another example of people simply not accepting responsibility for
their own actions.Do we make the liquor stores responsible for
problem drinking? The fast food shops responsible for obesity? Society liable
for nervous breakdowns?Can we sue the sun for causing skin
cancer?I'm certainly not taking the side of the gaming industry, but
just because they exist is no reason for someone to blame them for their losses.
If you go into a casino and stay there long enough you're going to lose.I know they show you the pictures of the people who won a million
dollars on one pull of a slot machine handle, but where do you think that
million dollars came from.Out of the pockets of other suckers,
that's where it came from. I hear the term "compulsive gambler" and I have no
doubt that these people exist, but I don't believe that everybody who loses
money on a blackjack table is a compulsive gambler.If someone is a
compulsive gambler they are going to lose their money. Like with the the
government's planned takeover of Fannie Mae and Freddie Mac.
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.
there goes the promise of less government, down the toilet and they keep saying
that the economy is not bad?
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.
It was not Clinton it was the two administration before him. Clinton just rode
the waves is all.
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.
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?
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.
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
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.
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.
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............
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
Put the messages up ALL of them Des News.
What would Sarah do?
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.
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.
Another Government Layer in the non-Government Republican ideology of
privitization to greedy people doing the "right thing".
Yeah, I'm sure the Federal Govt can make this all better. They are
the masters of efficiency.
Wow. It's not even socialism anymore; it's just blatant communism.
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.