thorne Posted September 10, 2008 Report Share Posted September 10, 2008 WOW.... We can bail out major institution's but we can't bail out the home owners who got fucked by the predatory lending. http://www.youtube.com/watch?v=6gZuG-52js0 My hero. So universal health care bad BUT Bailing out banks who failed is ok? Quote Link to comment Share on other sites More sharing options...
Archie Posted September 10, 2008 Report Share Posted September 10, 2008 Because the corporate elite control our government, financial system, and media... Our country is just one big whore. Quote Link to comment Share on other sites More sharing options...
LJ Posted September 10, 2008 Report Share Posted September 10, 2008 Once again, another thread on another forum of people who don't understand who/what Fannie Mae and Freddie Mac are, what they do, or how they ended up in this situation. Fannie and Freddie were GSE's, chartered from a Gov't agency in 1968 (by no other than LBJ) into private organizations to "balance" the federal budget. They bought loans off of banks and sold them as bonds to increase liquidity of banks so that they could provide more loans. Fannie and Freddie DID NOT issue mortgage loans to buyers. The gov't takeover of these 2 was inevitable since 1968 and they never should be been privatized in the first place. Quote Link to comment Share on other sites More sharing options...
LJ Posted September 10, 2008 Report Share Posted September 10, 2008 I also feel that any Fed bailouts of completely private banks (such as Bear Stearns) should be an organized leveraged buyout like the LTCM situation in 1998. If you don't know what that is, look it up. Quote Link to comment Share on other sites More sharing options...
Guest tbutera2112 Posted September 10, 2008 Report Share Posted September 10, 2008 i wish there was a way to exclude this section of the forum from the New Posts list....you annoy the fuck outta me on here thorne.... http://www.whogivesafuckpoliticalforums.com <--- try this site instead Quote Link to comment Share on other sites More sharing options...
RedRocket1647545505 Posted September 10, 2008 Report Share Posted September 10, 2008 i wish there was a way to exclude this section of the forum from the New Posts list....you annoy the fuck outta me on here thorne.... www.whogivesafuckpoliticalforums.com <--- try this site instead God damn, you should be nominated for new member of the year. Quote Link to comment Share on other sites More sharing options...
2highpsi Posted September 10, 2008 Report Share Posted September 10, 2008 i wish there was a way to exclude this section of the forum from the New Posts list....you annoy the fuck outta me on here thorne.... http://www.whogivesafuckpoliticalforums.com <--- try this site instead The fact that you care more about what bumper looks better on your car than you do about politics and what's going on in the world is half of this country's problem. *I mean that as a generalization of most people's self-indulgent ways and is not a personal attack on you Quote Link to comment Share on other sites More sharing options...
thorne Posted September 10, 2008 Author Report Share Posted September 10, 2008 Then stay the fuck out of this forum. I'm containing my banter to these proper forums. I'm not sure why people don't think this shit is serious. It;s all ok we can print more money. Quote Link to comment Share on other sites More sharing options...
LJ Posted September 10, 2008 Report Share Posted September 10, 2008 Then stay the fuck out of this forum. I'm containing my banter to these proper forums. I'm not sure why people don't think this shit is serious. It;s all ok we can print more money. It sucks, but it isn't like them bailing out a Wall St bank. Do you even know what a GSE is? I bet next you are going to start bitching about FDIC payouts Quote Link to comment Share on other sites More sharing options...
Guest tbutera2112 Posted September 10, 2008 Report Share Posted September 10, 2008 The fact that you care more about what bumper looks better on your car than you do about politics and what's going on in the world is half of this country's problem. *I mean that as a generalization of most people's self-indulgent ways and is not a personal attack on you i definately care about politics...theyre the whole reason i signed up for columbusracing....im also a member on the forum i posted above, i go there to talk my one sided propaganda and act like my opinion is the only one that matters Quote Link to comment Share on other sites More sharing options...
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