Comments on: Fannie, Freddie Rescue Could Cost $25B
Analyst Says There's Less Than 50 Percent Chance That A Pricey Bailout Will Be Necessary
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- I8c6 wrote
Instead of the torture chamber, the sword etc. todays weapons assault on workers is a corrupt corporate and financial/monetary system.
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Yes, yes, it''s the corrupt management.
China and the Soviet Union tried this experiment to put the workers in charge instead.
Then it turned out the workers were just as corrupt as the management ever was.
It was called COMMUNISM. It didn''t work. - Reply to this comment
- SistaTee wrote
They walked away with millions and hung you out to dry. So who''''s really stupid?
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Who''s stupid is the MEMBERS OF OUR GOVERNMENET WHO ALLOWED THIS MESS TO HAPPEN (again), AND WHO ARE NOW RUSHING TO BAIL OUT THEIR RICH BUDDIES who got caught in the door.
They wouldn''t be pocketing millions without OUR GOVERNMENT''S COOPERATIONS. - Reply to this comment
- iphyt4u You might want to check and see how many deomcraps want to bail them out before you start running your mouth. Just a thought..
- Reply to this comment
- 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..
for-america@hotmail.com
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 - Reply to this comment
- Great! Another Republican mess for the Democratics to clean up.
Lets keep rewarding the bad guys and paying their bills and getting them out of HOT Water.
Thats the Republican Strategy and the Bush Administration motto.
Posted by XmanBorg
It''s also indicative that western civilization is still stuck in the corrupt muck of an empire building past run by self serving oligarchs.
Those who own capital are rewarded with a rigged corrupted system that favors them while those who produce true wealth, labor, are continually undermined. It is an unjust imbalanced system maintained by self righteous sociopaths. Instead of the torture chamber, the sword etc. todays weapons assault on workers is a corrupt corporate and financial/monetary system. - Reply to this comment
- The sub-prime mess was caused by the do-gooders who stifled the free market by insisting on laws that forced banks to loan to deadbeats. The laws that guaranteed loans to low income families simply because some do-gooder said it was fair and part of the American dream. If free market methodologies were allowed progress no bank in its right mind would loan to these people. Yet they were forced to because of do-gooder laws.
Now you liberal whiners are getting what you wanted.
So stop your blame of the Republicans. - Reply to this comment
- ...to reward these companies for their stupidity is ridiculous.
Posted by Edward1975 at 02:35 PM : Jul 22,
They weren''t stupid. They were smart. They walked away with millions and hung you out to dry. So who''s really stupid? - Reply to this comment
- there was a time large mergers weren''t allowed, then if a bank or mortgage company went out it wasn''t as big a deal. the executives of this company should lose everything they have, not the investors.
- Reply to this comment
- Hasher47 hashed
Two-Thirds vote of both houses of Congress over rides a Presidential veto. An Executive Order does not come into play here.
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That''s what I said. If the President vetoes, and Congress overrides his veto, he could still force his will by an Executive Order. Blame Gramm if you will, but Clinton had the power to overrule him by veto OR by Executive Order. And Clinton issued more Executive Orders than any other President in history, so that should have been no problem for him.
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Hasher47 continued
And if you and everyone remembers, all the grid lock in Clinton''''s last term was because of a overwhelmingly Republican lead Congress.
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HAR, HAR! Always blame the Republicans!
Yes, our democratic system of government is such a DRAG when your favorite President has to OBEY THE CONSTITUTION! Oh, maaaannnn...! - Reply to this comment
- It shouldn''t cost taxpayers anything, these guys made bad decisions, now live with them. Let them go under. If the government then wishes to take over those mortgages and reduce the interest and such to the homeowner, and the homeowner pay their mortgage off to the government, that will work. But to reward these companies for their stupidity is ridiculous.
- Reply to this comment
- Let''''''''s not forget - MOST of these sub-prime loans were made DURING THE CLINTON ADMINISTRATION. Blame Gramm all you want, President Clinton could have vetoed it. If that failed, he could have issued ANOTHER one of his dictatorial Executive Orders that he was so famous for.
Posted by txgrouch2006 at 12:14 PM : Jul 22, 2008
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Wrong txgrouch,
Two-Thirds vote of both houses of Congress over rides a Presidential veto. An Executive Order does not come into play here.
And if you and everyone remembers, all the grid lock in Clinton''s last term was because of a overwhelmingly Republican lead Congress. - Reply to this comment
- Great! Another Republican mess for the Democratics to clean up.
Lets keep rewarding the bad guys and paying their bills and getting them out of HOT Water.
Thats the Republican Strategy and the Bush Administration motto. - Reply to this comment
- President Clinton could have vetoed it. If that failed, he could have issued ANOTHER one of his dictatorial Executive Orders that he was so famous for.
Posted by txgrouch2006 at 12:14 PM : Jul 22, 2008
By the way - I hope I did not convey the impression that I believe that Bill Clinton is anything more than a wholly-owned subsidiary of "Big-anything".... - Reply to this comment
- Note to self: Religion-based sarcasm is now verbotten...
- Reply to this comment
- Fannie And Freddie Rescue Could Cost $25B
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Great! Another Republican mess for the Democratics to clean up.
The same guy that pushed through the ''Enron Loophole'', Mc Cain''s ex-Senior Econmic Adviser, Phil Gramm, pushed through deregulation of the Mortgage industry also. - Reply to this comment
- Where is the Fed coming up with this money if necessary to bail out the banks???? Surely our taxpayer money won''t be used since the banks charge us so much interest as it is on loans, credit cards, and other items. As long as we the taxpayers are going bust, we might as well take the banks down also.
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- where is all this money coming from? reduced taxes? a war here - a trillion bucks. a failed bank - twenty billion - ill managed mortgage companies - 25 to 30 billion - trust me the great taxe cutter mr. bush will leave his successor with a healthy dose of inflation and debt. my goodness when will the insanity end. and the repubs will run on a lower tax ticket. the chinese and the indians are going to own america if we don''t RAISE taxed to pay for 8 years of tom foolery.
- Reply to this comment
- Another Corporate bailout! The Corporations and their leaders have all gotten the biggist tax breaks the last 8 years and now we give them a GOV handout that they would object to if it was for healthcare!
If our GOV can not help those without we sure a hell should not help those that have it all!
The rich got us in this mess .... let them sink and be a broke as the rest of us! - Reply to this comment
- Bail out the homeowners who can''t afford their mortgage. Don''t give our money to them.. They''re supposed to be the ones who know what they''re doing.
- Reply to this comment
- Then what are we bailing them out for?
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