Comments on: U.S. To Seize Fannie Mae, Freddie Mac
Two Companies Account For Half of Nation's Mortgage Debt; Would Be One Of The Largest Fed Bailouts In History
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- The US hasn''t seized these companies, the central bank has. The Morgans, the Rothschilds, and the Rockefellers tricked shareholders into building the companies to the point where they could steal them and own half the mortgages in the country.
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- President Dmitry Medvedev declared Saturday that "Russia is a nation to be reckoned with" following its war with Georgia, again putting the West on notice that Moscow is prepared to use it military and economic might....YAIKES!! AMERICA IS DOOMED!!
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- Posted by janeteleanor
We can thank Congress for this mess!!!!! Blaming Bush is OLD news guys.
Agreed that the Republicon Congress of 1994 - 2006 and their deregulation of Corporate AMerica is the root cause of all that now ails the US economy. Republicons renowned for no bid contracts and privitizing profits while socializing losses. - Reply to this comment
- I will take my birth given right of Self-expression by force.....The Hacker0010100101110001011110
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- I will not watch silently as the last remains of human intelligence are buried in a cultural wasteland,
I will not eat up your lies or consume your persuasions,
I will not stand still in a media jungle of non-information,
I will not surrender to a mass media invented reality,
I will not obey a limited freedom of speech. your so called liberties are a spit in the face!! - Reply to this comment
- BREAKING NEWS:Bank Tied To John McCain''s Son Goes Under
Andrew McCain Served On Silver State Bank''s Board Until July Before Leaving; Bank''s Failure Marks 11th Of The Year - Reply to this comment
- We can thank Congress for this mess!!!!! Blaming Bush is OLD news guys.
Posted by janeteleanor at 05:39 PM : Sep 06, 2008
Well I think it''s both of them. The Republican Congress passed the Laws written by the Lending Institutions Lobbyest but the Regulation were removed by Sir Lies-A-Lot. These were Laws and Regulations had been on the books since the Great Depression but McSame''s chief economic advisor, the one who say''s all this is just in our heads, was the one who allowed the Lobbyist to write the Law. - Reply to this comment
- IT IS A SHAME A COMPANY CAN RETIRE A CEO IF THE COMPANY IS GOING DOWN. WE HAVE TO WAIT FOUR YEARS NO MATTER HOW MUCH IN THE TUBES WE GO. These two should have been impeached 7 yrs ago. We could have saved this country
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- UNBELIEVABLE !!!!! Bush you should resign now before this country is gone completely. Is this what you meant when you got elected in 2004 when you said, "This is my capital, and I am going to spend it."Bravo Bush you, all by your little self, you managed to take a country in good std and pour it into the depths of H*e*l*l. I hope you and Darth Vader sleep good at night.
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- Where is Lars with his Teddy Roosevelt quotes tonight?
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- Posted by Hacker2xy at 06:21 PM : Sep 06, 2008
IMO - and quite a few others - Bear Stearns actually turned out to be a bail out of J P Morgan. - Reply to this comment
- "Nothing for the poor.
Because they have been negligent and irresponsible.
Everything for the billionaires.
Because they have been negligent and irresponsible."
SearingTruth
A Future of the Brave
Posted by Humanavance at 06:19 PM : Sep 06, 2008
Welcome to the status quo. - Reply to this comment
- The losses keep piling up as the damage spreads.
At first the banking problems were contained to risky subprime mortgages and wouldn''t spread into the economy, the public was assured. Maybe, at a maximum, there would be a couple hundred billion in losses, it was estimated.
Then catastrophe struck the investment banking sector. The Federal Reserve in conjunction with JP Morgan Chase announced a hastily constructed backdoor takeover of investment bank Bear Stearns. According to analysts, if Bear Stearns had failed, the whole banking system could have come tumbling down with it. System-wide damage estimates leaped to the $500 billion range... - Reply to this comment
- Banks Dominoes Ready to Fall......
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- Some of the reasons you already know. The U.S. dollar%u2014long thought of as the most stable and important global currency%u2014has been devalued. Exchange rates are in chaos: The opec dollar pegs are buckling, and now other currencies like the euro may be threatening to do the same. Gold has broken the $1,000-per-ounce barrier, a sign that faith in the fiat economic system is wavering.
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- The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
Ernest Hemingway - Reply to this comment
- McCain and Ms. Popsicle Stick are out parading like of couple of airhead celebrities while America burns.
The largest government bailout (look at the debt that has to be covered around the world). - Reply to this comment
- History is littered with the wrecks of paper money adventures. In hundreds of cases, in all lands, at all times, the story has been the same: loss of confidence in and eroding value of fiat currencies. Paper money does not work; the temptation of the printing press is too great. Emperors, kings, presidents, prime ministers and central bankers have not been able to resist the temptation: When faced with economic problems or overspending, they have all chosen to create the money needed to pay bills or fight wars.
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- The talk was of a September collapse of the real economy, suppose they were right.
http://tinyurl.com/3x643f - Reply to this comment
It''s time to set our watches again. The Doomsday Clock moved two minutes closer to midnight this week.- Reply to this comment
Mike Huckabee on GOP "rock stars," 2012, health care reform and more.
