Comments on: U.S. Takes Over Ailing Mortgage Lenders

Heads Of Fannie Mae, Freddie Mac Replaced; Companies Placed Into Government Conservatorship

[redwhtblue2]

U.S. Takes Over Ailing Mortgage Lenders
Heads Of Fannie Mae, Freddie Mac Replaced; Companies Placed Into Government Conservatorship

HOW COME IT DOESN''T SAY TAXPAYERS STUCK WITH THE BILL?

[nler1]

Privatizing Profits, Socializing Losses

[ninjaattack]

It really makes me feel a lot better that the US government under George Bush is taking over the backbone of the mortgage lending business with a few more of his cronies. The same leadership that took us 5 days to get water and food to the people in the Superdome.

[missingamerica]

And more chickens come home to roost...this is what you get, when the Fed runs a policy of loose credit for years so that America finances the consumer side of the cycle with debt.

All because "trickle down" economics really is "voodoo economics" designed to transfer wealth away from "the Average American" and into that top 5%.

Yet even with that flim-flam running full bore, the Republicans were STILL greedy...they just HAD to pursue inequitable "free trade", which promptly slaughtered the production side of America''s money cycle.

I bet the people that write history books thought they had seen it all in existing human history...lolll...and then along came the Reaganites, and ever more corrupt forms of Republicans ever since.

Tsk, tsk....bad Republicans...naughty, naughty. To destroy your own nation just to enrich yourselves...

Fact is, today''s Republicans make Nero look socially responsible.

[nler1]

the new comany is called FIDEL

[hhfarm6]

This country built a house of cards over the last 20 years based on cheap food, cheap energy, and cheap credit. This allowed people to live lifestyles they couldn''t afford and speculators to profit off markets that are disconnected from reality. This house of cards is now crashing down around us. The "experts" who are refusing to call this a recession or depression are in a dream world while the rest of us are living the nightmare.

[jerr11]

One of the primary architects of the mortgage crisis, Phil Gramm, is also a primary advisor and economic policy architect of John McCain''''s.

Neocon Hypocrisy, get to know it.

Posted by actornaught at 12:22 PM : Sep 07, 2008




Good point!

The McCain strategy for "Change" is apparently carefully crafted by that great agent of change, Mr. Karl Rove himself and a slew of former repub establishment figures like Phil Gramm.



That''s "change" the neocons can believe in!

[jmurrieta1]

"Clinton was pro-business, liked money, and was comfortable wielding aggression. Barack Obama is NO Bill Clinton . . .


--------------------------------------------------------------------------------

Posted by SamTheTVCat



And Bush and Cheney and McCain are all comfortable wielding aggression, against people who have never harmed the US, just to benefit their corporate Neocon sponsors.

This is a virtue?

McCain''s just a rehash of the Bush regime. He''s fallen into line like a good soldier.

And Palin is a rabid right wing extremist who thinks that a state-sponsored church should dictate actions to everyone, even in the most intimate, personal decisions. Like a rape victim must be forced by the State to bear the rapist''s child (for the good of the State). Kind of an American Ben Laden and an American Taliban.

[actornaught]

One of the primary architects of the mortgage crisis, Phil Gramm, is also a primary advisor and economic policy architect of John McCain''s. I find it crazyast ironic that their actions, a thinly veiled "shovel up" distribution of wealth, has resulted in more government regulation.

Neocon Hypocrisy, get to know it.

[hacker2xy]

Where will you be in the line? In a column last week.. Now the evidence is piling on.. and there is every reason to expect at the very least astronomical inflation in food prices within the next year.. Most significantly this problem is not confined to any one region of the world.. and the ripple effect is mind-boggling Keep in mind that the dollar is falling on the world exchanges.. and the food you buy is subject to the fluctuations of the currency exchanges.. Why? Well, simply because it may be more lucrative for global agricultural corporations to sell to the highest bidder no matter where they may be.....

[hacker2xy]

CRUNCH TIME IN THE BREADLINE.. WHERE WILL YOU BE??

[jerr11]

Another spectacular achievement for the Bush legacy!



A failed war in Iraq propped up only by cash payments to insurgents who would kill us.

A failed homeland security in Katrina.

And now, failed banks in Fannie Mae Freddie Mac.

Heckuva job Bush!

Mission Accomplished!

[samthetvcat]

Clinton was pro-business, liked money, and was comfortable wielding aggression. Barack Obama is NO Bill Clinton . . .

[samthetvcat]

---"Maybe Palin can "earmark" us out debt/financial crisis?"---
Posted by Policrypt

That''s what Barack''s apparently trying to do - all those earmarks he requested for his wife, community organizer friends, father Pfleger, and his major donors like Emil Jones went so well he''s fixing for more and more . . .

What a joke - he actually thinks he''s somehow morally superior to Palin, but nobody else thinks so except other people who think that way about themselves too. Not enough people like that to win the election . . .

[jmurrieta1]

Just as Bill Clinton presided over the Internet bubble, so George Bush and Dik Cheney have presided over the biggest burst of the housing bubble and credit bubble in many a decade.

Bush is a congenital liar, and government attempts to pretend that this wasn''t going to happen have been given the lie by events.

And John McCain, good friend of the banking and credit industry, had 25 years in the Senate, but did nothing to avert this major loss for most working Americans.

During an 8 years when the ultra rich, like Cindy McCain, have done just fine, thank you.

For real change--Obama -08.

[samthetvcat]

---"The huge potential liabilities facing each company, as a result of soaring mortgage defaults, could cost taxpayers tens of billions of dollars, but Paulson stressed that the financial impacts if the two companies had been allowed to fail would be far more serious."---

I don''t think I fully grasp the concept of this whole rebundling - I guess it frees up credit. But if it''s such a vital service such that it can''t be allowed to fail, then is it appropriate for shares to be for sale on the open market? Because then isn''t their primarly obligation to push the envelope to make a profit?

It''s sort of like healthcare - how do you ever completely privatize an industry that by it''s very nature can''t be all about the bottom dollar because they''ve got a mixed social obligation?

I don''t know . . . over my head . . .

[wardoglrs]

The government doesn''t have the authority to bail banks and or businesses out of there jam. McCain and Obama support bailing them out and that''s proof enough that they are not qualified to lead. You wanted change and there not it.
If you understood the constitution and most never even read it you would see this and you would have your Freedom and Liberty and not this corp welfare