Administration defends takeover

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  • Time to count their victims
    Sept. 10, 2008 12:45 a.m.

    I'm so glad to know that George Bush will bail out Daniel Mudd, CEO of Fannie Mae, and provide almost $9 million dollars in a severance package and that Richard Syron, CEO of Freddie Mac may get $14.1 from the deal. This while people are sleeping on the streets because they lose their jobs and are evicted from their homes.

    Why not just fire Danny and Rich and watch as their families are evicted from their mansions and they have to live in homeless shelters. It's disgusting that Rich and Danny are being given special treatment while those who have been abused by them for years are now going to foot the bill for their severance packages in the form of our taxes.

    I feel no sympathy for them. I don't care if they and their family lose everything. The good old days of the depression when losers like this jumped from buildings and killed themselves instead of receiving severance packages are long gone but I wish they would return just long enough for these losers to take their own lives so their families can suffer the pain they have inflicted onto other. How many have died because of them?

  • Sally Forth
    Sept. 9, 2008 12:53 p.m.

    Just wait until Obama is President when all of the political debts he owes to contributors come due. Don't be surprised if there are subtle name changes to Freddie Mae and Fannie Mack as paean to the gay lobby.

  • President Bush is right always
    Sept. 9, 2008 12:31 p.m.

    President Bush is right. The USA borrowed 1.7 Trillion from China, that took care of the war effort, we are not going to pay that back either. We'll stiff them first. Now for the rest of the story here. The worsening deficit is largely due to continuing weakness in the economy, high energy and food prices, and the slump in the housing and financial markets, thanks to the "block everything" do nothing for the past 3 1/2 years democrap Congress, that tried to slide us all into a recession, than a depression, to blame it on the Republican's and our great President Bush. The best thing we did was allow the government to take over the mortgage giants Fannie Mae and Freddie Mac. We had to, to many greedy equity minded home owners, before the bubble-bursted, went crazy with loans, only paying on the interest, than 5 years later, all was due, they spent the money, or ran out of it, and the banks took back their investment's. They don't teach in higher education common sense 101, so it was they that screwed the tax payer's to repay it. The Republican's did not do this. Don't blame 'em now.

  • CR
    Sept. 9, 2008 11:33 a.m.

    Well we see the results of the Democrat controlled congress. Pres. Bush has been trying to get congress to authorize some way to regulate Fannie May and Freddie Mac. Now we know why congress would not allow any change.

    Well guess what Obamma recieved the third highest amount of money from Fannie May and Freddie Mac. $ 105,000.00 just behind Clinton and I think Biden, out of the many millions they gave congress.

    Obamma is in their back pocket.