Comments on: Fannie, Freddie Rescue Could Cost $25B

Analyst Says There's Less Than 50 Percent Chance That A Pricey Bailout Will Be Necessary

[l8c6]

Paper is poverty,... it is only the ghost of money, and not money itself." Thomas Jefferson to Edward Carrington,

David C. Korten''s new book has some interesting things alluding to the corrupt monetary system that is not serving the common good but rather is steadily draining the wealth from the socio economic system and putting into the hands of an elite oligarchy.

[l8c6]

socialism/serfdom....hmm

How about Kings/and serfdom

capitalist oligarchs/ oppressed masses

[daysrnumbrd]

A government for the wealthy, by the wealthy...

...exemplified daily.

[txgrouch2006]

Marshall_Nee wrote
it seems we''''re now on the depressing road to Socialism/Serfdom.
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That''s quite a profound conclusion to make, based only on a headline about what COULD happen.

Why not wait until something ACTUALLY happens before you start spreading gloom and doom???

[marshall_nee]

Very worrying news, it seems we''re now on the depressing road to Socialism/Serfdom.

[newview08]

You''ve just summed up the Federal Reserve.

[wardoglrs]

Repubs & Dems give me a break. There is no differance NONE. They serve each other at the expense of you that are not informed.

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. Thomas Jefferson

"Paper is poverty,... it is only the ghost of money, and not money itself." Thomas Jefferson to Edward Carrington,

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson, Letter to Treasury Secretary Albert Gallatin (1802)

When all government, domestic and foreign, in little as in great things, shall be drawn to Washington as the center of all power, it will render powerless the checks provided of one government on another, and will become as venal and oppressive as the government from which we separated - Thomas

[newview08]

More like 1938 Germany.

[wardoglrs]

Welcome to back to the past...hey its 1923 all over again.. Pass the cheese please

[newview08]

Don''t use my money for this. No bailout! These Republican buffoons always carry on about letting the free market work things out, let it be. Let them fail, we''re better off for it. No more bad companies who steal and abuse. Let them vanish, who cares?

[credibility2]

Once again the stupid Congress and Feds are ready to put the rest of us on the chopping block. Taxpayers are getting fed up with getting slammed over and over again. Why should we help any body any more? No one is helping us out!

[txgrouch2006]

HERE''S MY SOLUTION.

Go to www.congress.org . Enter your ZIP+4 to get a list of YOUR elected representatives.

CLICK ON EACH NAME, and check the rep''s bio.

VOTE AGAINST anyone who was born 1946-1957.

CLEAN OUT THE BABY BOOMERS. SIXTEEN YEARS OF BABY BOOMER GOVERNMENT HAS BEEN A DISASTER.

SIXTEEN YEARS IS ENOUGH!

[txgrouch2006]

HERE''S MY SOLUTION.

Go to www.congress.org . Enter your ZIP+4 to get a list of YOUR elected representatives.

CLICK ON EACH NAME, and check the rep''s bio.

VOTE AGAINST anyone who was born 1946-1957.

CLEAN OUT THE BABY BOOMERS. SIXTEEN YEARS OF BABY BOOMER GOVERNMENT HAS BEEN A DISASTER.

SIXTEEN YEARS IS ENOUGH!

[forthepeopl1]

this say''''''''s it all. it''''''''s all about the wall street investors and mainly china,japan investor. the one''''''''s mr potatohead paulson sold them in his many years.

his head is on the chopping block and he is useing the americans tax payers to bail him out.
July 22 (Bloomberg) -- Treasury Secretary Henry Paulson, trying to persuade Congress to approve his rescue plan for Fannie Mae and Freddie Mac, said U.S. financial market stability is at stake and international investors are awaiting the outcome.

``This is about not only our housing markets, but it''''''''s about our capital markets more broadly,'''''''''''''''' Paulson said in an interview with Bloomberg Television today. ``This goes well beyond the two institutions -- Fannie and Freddie -- it has to do with investors in the United States and investors all over the world.''''''''''''''''

yep, we the people get f by whitehouse and congress again..thanks to americans not telling congress to get f on this idear. everyone should hold town by town rally,city by city rally,state by state rallys or completely stop working stop buying,stop them in their tracks.

come on america what will it take for you to stand up for your kids and grandkids futures..

[e-mail]



americans need to tell congress that the same investors that are putting americans on the streets, need to be told that it goes both ways, and americans are not going to bailout the same investors that started this whole thing in the first place

[txgrouch2006]

Flajoe1 wrote
The next problem is being so pro Republican or so pro Democratic that you become blind to the damage that''''s being done%u2026
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That was my point, too. Rather than pinning the blame on one party or the other, let''s face the fact that BOTH PARTIES HAVE ABANDONED THE PEOPLE.

Neither party is for us. They''re all crooks.

We''re not going to be able to find solutions until EVERYONE understands that.

[flajoe1]

But that Reagan! Hoo boy. The savings and loan failures; ...umm the savings and loan failures; ...the... umm... well by golly those savings and loan failures were pretty bad. Yup, that was the ''''80''''s for ya. A decade just plum FULL of ... umm... savings and loan failures. And WHO WANTS THAT???
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Posted by txgrouch2006 at 06:52 PM


Actually I was talking about electing and loading up an administration with businessmen
Who are so pro business that they are blind to the damage they create. That could be a Republican or Democratic administration.

The next problem is being so pro Republican or so pro Democratic that you become blind to the damage that''s being done%u2026

[txgrouch2006]

Flajoe1 wrote
Sounds a lot like the 80''''s%u2026.
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Hmm. Let''s see, the Carter years had rising oil prices, inflation, and interest rates; terrorism in the Middle East; a national speed limit; job cuts; and a President who didn''t seem to be able to do anything right.

Nope, you''re right. Not many bank failures in the Carter years.

But that Reagan! Hoo boy. The savings and loan failures; ...umm the savings and loan failures; ...the... umm... well by golly those savings and loan failures were pretty bad. Yup, that was the ''80''s for ya. A decade just plum FULL of ... umm... savings and loan failures. And WHO WANTS THAT???

[coco0331]

And so for being a liar and a cheat on both sides of the contract, American tax money, or should I say American debt goes up 25 Billion dollars? What do you call this other than a special interest bail out? Its like world com and endron or even Bear Sterns. Where is Neil Bush? is he involved? This *** started when George Sr. bailed out the savings and loan in the 80s, and swept it under the rug real sneaky like. Our government is a crime family. Our government has been hi-jacked and is being pilfered for all its worth. When a dunce can get elected president, there has to be a mafia crime family involved.

[flajoe1]

Sounds a lot like the 80''s%u2026.

Now who was in charge in the 80''s??? Let me think%u2026Oh that''s right%u2026. Now I remember.

Yep it''s exactly like the 80''s%u2026%u2026%u2026%u2026%u2026%u2026..

[seafang]

Forget it !

If I make a bad investment, nobody is going to bail me out.

To hell with those people that made a bad investment in fannie and freddie, time for them to grow up and take their medicine.

It wasn''t me that told these fools that their houses were worth so much money that they couldn''t afford them; they are the ones who clamored to buy those houses no matter how high the sellers jacked up the prices.

So get off my back; I''m tired of bailing out rich investors and idiots who want to live beyond their means.