Comments on: Mortgage Takeover Boosts Wall Street

Investors Bet On Broad Economic Recovery Following Government Bailout Of Fannie Mae, Freddie Mac

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by lovegetpeace September 8, 2008 3:01 PM EDT
BREAKING NEWS!

Yesterday, President Bush ordered the complete Take Over of the 2 largest Free Market Private Mortgage Lending Enterprises in America.

The Republican Party just doubled the size of our U.S. Government again.

VIVA LA SOCIALISM VICTORY OVER CAPITALISM IN THE DIVIDED STATES OF AMERICA!
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by culturechang September 8, 2008 2:55 PM EDT
I guess your November decision comes down to who deserves the govt welfare....the people or the corporations. You can help answer that question for yourself by considering who provides most of the federal govt revenue. It ain''t the corporations. They have all the loopholes, deductions, and tax breaks.
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by missingamerica September 8, 2008 2:47 PM EDT
Paulson said. "It would be a big blow to the average American, affect their budget, their ability to get a consumer loan, a car loan."


Read: The economy would lose what little false debt-based consumer spending that it has, thus revealing the lie of "trickle down" economics and inequitable free trade in on great big CRASH.
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by vechibless September 8, 2008 2:19 PM EDT
'' .. if you wanted peace and prosperity forever, you should have instead of giveing a dollar to each of the first 33 poor hungry big men you saw each day, you should have given a dollar to each of the first 33 little armord girls of nuclear biological chemical stealth ray war you saw each day .. ''

'' .. if journalists and musicians were less dressed and diligent and more garden cut and paste, then they would be more easy to mimic .. if soldiers and congresses were more dressed and diligent and less garden cut and paste, then they would be less easy to mimic .. ''

'' .. in the time it takes to educate one class of build - its, the armys educate hundreds and thousands of classes of destroy - its .. ''
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by noloyalisti September 8, 2008 2:16 PM EDT
So here we are again, the taxpayers bailing out banks for their incompetence. Welcome to America where it is socialism for the rich and capitalism for the poor. Oh, and don''t forget to wave your flag and be patriotic.
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by pensacola98 September 8, 2008 1:54 PM EDT
All Free-Market Economies respire or breathe. No two countries or economic entities are expected to synchronize and perform the same. There are events that trigger economic synchronization, which eventually works its way out.

Deregulation has its ups and downs.

The most unfortunate economic force for the real estate industry is the cost of money, itself, because most homes are financed, and sellers know that more profit is possible when lenders can borrow more money at cheaper repayment rates.

Using a capital gains tax especially designed for real estate can regulate the market fluctuations and take the greed out the industry. The incentive to overcharge for the real estate and the money to pay for it, has to be removed from the equation to stablize the industry.

Greed caused the industry to falter and nearly fail. Only taxes can curb greed. Most consumers prefer market stablizing tax codes over free-falling failures.

Greed itself is the prime force that creates the greatest demand for government. The more greed, the more government is required.
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