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

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

[deacon20081]

I don''''t understand how all these rich, upper class, highly educated people can make all these money mistakes.
Posted by donnie400
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There have been no mistakes. It is called Self-Serving Greed.

[deacon20081]

Let''s see here. The FDIC blew 25% Twenty Five Percent,
of it''s total reserves to bail out and take over a single failed bank in California. 25 BILLION given to Freddie and up Your Fannie Mae cause them to go bankrupt. Ie., we go down the river.
Good Job Georgie

[starleo146]

Given their success at having the Republicans bias lending laws against the consumer - and PARTICULARLY that clause that permits Social Security to be garnished to repay student loans from the student and/or the parents if they co-signed - I am sure that they projected eventually having the Republicans garnish Social Security for housing loans, too.

Given that scenario, any foolish thing that they did would have been guaranteed at least partial repayment, unless you declared the only bankruptcy route left by up and dying on them.

Posted by ibsteve2u at 11:32 AM : Jul 22, 2008

If they can bail out every cooperate buddy they got they can pay back the money they stole out of the social security system. If they left it alone there would be enough for all concerned, but for years they have ripped it off and raised the tax,on us and on and on

[donnie400]

I don''t understand how all these rich, upper class, highly educated people can make all these money mistakes.

[starleo146]

Mc Bush better tackle the economy now he is so mad about Obamas trip the war monger could spit bullets

[starleo146]

lolll...I should have added..."Catch a clue - Phil Gramm is known to have financed soft-core porn...what does that say about the vaunted morality and integrity of the Republicans?"....

lolllllllll.....

Posted by ibsteve2u at 11:59 AM : Jul 22, 2008

This is the most confusing aspect of the republican party to me they want there evangelical base to stay with them, and they get elected, and half are prosecuted for fraud, sexual gratification, and adultery ,and yet they believe.

[starleo146]

And some brain dead Americans want for more years of this by supporting McSenile, sorry, I mean McCain.

Posted by harp1963 at 12:39 PM : Jul 22, 2008
+ repor

Its ok you were right don''t apologize any one knocking Obama about Irag and he thinks it is on the Pakistan border is a little mixed up don''t ya think, poor guy he just don''t give up, and deeper, and deeper he goes

[realpatriot1]

LibH8er,

After reading your hysterical comment I reread the article to see where it mentioned Jesse Jackson. I thought I had missed something, but I hadn''t.

FFreddie & Fannie are private corporations which operate with public support because they serve a vital public purpose. The part that has them in trouble is the private part, the market and how these loosely regulated firms were operating.

Regarding your intimations that it''s a bad thing that these agencies allow people of limited means access to home ownership, I refer you back to the article. The fact that these 2 agencies are responsible for almost half of all mortgages in this country means that: 1) it isn''t only the poor and minorities you hate who are effected, and, 2) if you think the housing crisis and the effect on the economy are bad now, try foreclosing on half the country and see what you get, Einstein!

[bienhoa1968]

I feel that the ultimate slap in the face to the taxpayers of America is rewarding CEO''s (Bush and Chaney''s Base) for bankrupting companies. They should be fired and not get one thin dime.Last year, Freddie Mac paid Chairman and Chief Executive Richard Syron nearly $19.8 million in compensation even though the mortgage company''s stock lost half its value. During the same period, Fannie Mae President and Chief Executive Daniel Mudd got compensation valued by the company at $12.2 million, including a $2.2 million bonus.

[harp1963]

Just put it on the "You Got Swindled By George Bush and *** Cheney Taxpayer Credit Card." Soon to come the "Sorry America Your Dollar Is Worth Less Than The Peso Credit Card."

Thanks George. You''ve bankrupted Harken Energy, the Texas Rangers, and now your supreme accomplishment of bankrupting America. Why don''t you cut the taxes some more for the top 1% and then really break it off in us by trying to privitize Social Security again.

And some brain dead Americans want for more years of this by supporting McSenile, sorry, I mean McCain.

[libh8er]

Two fine examples of goverment ''do good'' programs.....donating hundreds of thousands to Jackson''s racist rainbow group whilst losing money hand over fist. We should let them go under.

[txgrouch2006]

graccus1 wrote
look for Lisa Lerer''''s article titled "Fannie, Freddie Spent $200 Million to BUy Influence".
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Gee whiz, when did this "No rules, just right" mentality begin?

I think it was about SIXTEEN YEARS AGO. Bush has not done enough to clean up the mess THAT CLINTON CAUSED.

Who''s to blame? If Clinton cut the brake lines on the bus, but Bush is asleep at the wheel and not even trying to step on the brakes anyway? BOTH ARE TO BLAME.

SIXTEEN YEARS OF BABY BOOMERS IS ENOUGH!

[vnveteran72]

People use that word "socialism" too much...this behavior by the Republicans and this Administration does not have a thing to do with any political philosophy.

This is plain old-fashioned "Teapot Dome"-style plundering of the United States Treasury.

That is what this Administration has always been about - but they have managed to use "I do not recall." and "I do not remember the specifics." to raise common criminality into an artform and make the "Teapot Dome" boyz look like a bunch of kindergarteners.


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Posted by ibsteve2u at 11:52 AM : Jul 22, 2008
+ report abuse

They more closely resemble Organized Crime than anything else. The CIA started out using the Mafia for Black Ops and they eventually were compromised by them completely. After Kennedy''s assassination, they took over and turned our Government into what we see today. The Bush and Cheney Crime Families are just the visible tip of a Massive Iceberg of Frozen Slime.
They''re the Ruling Elite. Beyond the Law, which they control, and beyond any accountability. Untouchables.

[txgrouch2006]

graccus1 wrote
Wow, I guess you cannot post the truth without getting censored.
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And now THAT''S GONE!!!

Wow, your screen name must have gotten on their EXTRA SPECIAL ATTENTION list. They must be scrutinizing ALL of your posts.

[txgrouch2006]

graccus1 wrote
Wow, I guess you cannot post the truth without getting censored.
---------------
The same has been happening to me lately.

It seems to happen if you mention The Big Eye network by name - you know, that three-letter name between the eye and the word "NEWS" in the top left coorner of the screen. Did you include that in your post?

When you say those letters, your post gets noticed by the Company Name detector, and the post gets the SPECIAL ATTENTION of the actual human censors. They seem to be inclined to delete more often than not, because what does it cost them to be on the safe side. And yes, if you put spaces between the letters, the Company Name detector will STILL notice you - I tried it, and the post got deleted.

If you leave out the Company Name, then you are subject only to the automated "offensive word" filter that we all know so well.

[gracchus1]

Posters:

If you want to find out the truth, go the archives at Politico.com and look for Lisa Lerer''s article titled "Fannie, Freddie Spent $200 Million to BUy Influence". If you already have read this article then please disregard this post.

[txgrouch2006]

But really, the headline is what COULD happen? Why not wait until something ACTUALLY happens before you call it "news."

I just a short time, we have gone from being called "whiners" to the journalists BEING whiners.

[txgrouch2006]

ibsteve2u wrote
This thread is remarkably free of rabid neocon-style responses...
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Oh, SORRY! Didn''t mean to let you down, whiner.

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.

[wardoglrs]

President FDR (on Fascist rule in a letter to corporate con man %u201CColonel%u201D Edward M. House, a founder of the Council on Foreign Relations and political fixer for the ruling class. House also handled President Wilson for the foisting of the privately rigged %u201CFederal Reserve%u201D Corp bank monopoly. 11/21/ 1933)

"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

[wardoglrs]

Hey did they fill out there welfare forums?.
That is Corp Welfare.The Tax payer bails them out. God for bib that your own Business could do as they do.
%u201CThe real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the government of the U.S. ever since the days of Andrew Jackson. History depicts Andrew Jackson as the last truly honorable and incorruptible American president.%u201D

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,