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

[gce65]

Meanwhile...what''s Cheney up to on the other side of the world?
See: U.S. Navy Docks In Key Georgian Port
in the CBS World section.

[nextgenman]

We can thank Congress for this mess!!!!! Blaming Bush is OLD news guys.

Posted by janeteleanor at 05:39 PM : Sep 06, 2008
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Yeah, the Republican Part that had the majority for 12 years.....

[nextgenman]

Republicans to create a socialized welfare program for corporations. RINOs and Jesus Nutballs remain silent.......

[janeteleanor]

We can thank Congress for this mess!!!!! Blaming Bush is OLD news guys.

[hacker2xy]

McCain-Palin: The GI Joe-Barbie ticket

[marshall_nee]

President McCain will replace Bernake with an ex beauty contestant.

Posted by downtowner97 at 05:22 PM : Sep 06, 2008

I nominate Erin Callan of Lehman Brothers. Google her to see why.

[downtowner97]

President McCain will replace Bernake with an ex beauty contestant.

[vastr-wcon]

.
Bailout Bernanke has been a disaster. The FIRST order of business for President McCain will be to replace him with somebody who is as concerned with the financial health of average American citizens as they are about incompetent CEOs and Wall Street investors.

/

[a8151947]

Bush might as well bail them out. He put them where they are. He and the crooks he runs with. I wish I could steal 10 million in wage, like ceo of these two companies and have the Tax payer bail me out.

[engymass2]

Just another legacy of the Bush administration...... These companies have been around for untold years... and
now the government gets control of them ??????

[marshall_nee]

Wachovia and Washington Mutual at Risk

Posted by Hacker2xy at 04:11 PM : Sep 06, 2008

Whackovia are going down, so that J P Morgan can take them over, in the same fashion as the BSC ''bailout'' to get more billions off the Fed to cover some more of their derivatives losses.

[marshall_nee]

Posted by whitemale08 at 04:08 PM : Sep 06, 2008

Yep, we''re so ******* doomed. My bet is that the ''population cull'' crowd - led by Kissinger - will push for WWIII or bird flu, to cover an economic collapse.

[ubrew12]

So, it starts with an appeal to ''free markets'' and ''supply-side capitalism'', and it ends with a huge socialist transference of wealth from little guys to big guys (''too big to fail''). Same thing happens every time, 1929, etc.

[ubrew12]

Whats really scary is that the lesson here may not be learned (or even communicated to) the average American citizen. He/she will never understand how swallowing the Republican supply-side faith caused government oversight of financial and mortgage institutions to be relaxed, causing ''irrational exhuberance'' in the banking and housing markets.

Further, they''ll never see that when Bush cut taxes and doubled the national debt, many of those international bankers who were helping prop up our financial institutions got spooked and began to wonder if America EVER planned to take her monumental DEBT seriously. Those guys started fleeing the dollar and our financial institutions, touching off a liquidity crisis in those industries which, in the classic fashion of industries bloated by hype, deflated. This leaves the American taxpayer with three consequences: 1) his home is losing value, 2) his gas, food, energy, etc, is inflated by the dollars devaluation and 3) he now has to BAIL OUT the very institutions that caused this mess with his tax dollars, or ALL HELL WILL BREAK LOOSE. Our government knows that these institutions are ''too big to fail'', which leads to the moral hazard of their being RUN by people who KNOW they ''cant fail'' no matter how badly they run them.

[hacker2xy]

So pay attention to the month of Sept very very closely. You might just see the United States plunge into a New Dark Age by "financial blow out" or by WWIII....Posted by whitemale08 yep this is the beginning the draft will take place after the air-strikes began.....stay tuned

[hacker2xy]

Desperation is in the air at Washington Mutual, stay tuned!

[vastr-wcon]

.
Bailout Bernanke has been a disaster. The FIRST order of business for President McCain will be to replace him with somebody who is as concerned with the financial health of average American citizens as they are about incompetent CEOs and Wall Street investors.

/

[hacker2xy]

Wachovia and Washington Mutual at Risk

[whitemale08]

The problem is not only will it not work but it will trigger a level of hyper inflation unseen yet. We are already suffering from hyper-inflation but this will dwarf any we''ve seen so far.

$243 billion in bonds that is due Sept 30th is just the first installment. That is the equivalent of funding 2 more Iraq wars!

Where''s the money going to come from? Out of thin air, that''s where it''s going to come from, they''re going to print themselves out of this one which is impossible.

Every 3rd world country that does this, blows out their economy and soon Standar Poors makes it official that the country bond rating shows "bankruptcy".

So pay attention to the month of Sept very very closely. You might just see the United States plunge into a New Dark Age by "financial blow out" or by WWIII.

[hacker2xy]

the shares of Fannie and Freddie would be worth little or nothing, and any losses on mortgages they own or guarantee %u2014 which could be staggering %u2014 would be paid by taxpayers.