Comments on: Limited Oversight Doomed Mortgage Giants

CBS News Investigation Finds Political Privileges Masked Fannie Mae And Freddie Mac Downfall

[jmurrieta11]

It''s certainly unfortunate timing for John McCain, reminding people as it does of the huge taxpayer bailout for the Savings and Loan industry. McCain''s connections with Charles Keating, and the "wink and nod" attitude of government regulators, cost average Americans billions of dollars in bailouts for the rich.

And, the Bushites have repeated the cycle. More Republican bailouts for the rich.

And everyone else?

"Let them eat cake".

[navyretired2]

"Posted by maxify55 at 08:10 AM : Sep 09, 2008"

I''m definitely with ya on most of that...but companies / businesses have forever misled and flat out lied to customers and consumers. I have no pity for them, particular when they can walk away from ruining a company with $65M in compensation.

[misha128-2009]

Unaccountable Americans brought down Fannie and Freddie. They couldn''t and/or didn''t want to pay for that which they borrowed. Things haven''t changed much since Eden. Have they? It''s always someone else''s fault. How absurd. Live within your means or have your means taken from you. Life hasn''t changed a whole lot since the beginning.

Posted by maxify55 at 06:33 AM : Sep 09, 2008

Then why are there so many prosecutions for predatory loan practices and misconduct inside the industry instead of prosecutions of borrowers alone. Because of the Republican less regulation and less government (enforcement) policies that allowed the industry to operate out of control and who must pick up the tab for their mistakes -- we the taxpayers. McCain''s platform calls for more of the same less regulation and less government -- vote against more of the same failed policies that cost taxpwyers money.

[misha128-2009]

Has anyone heard Palin yesterday claiming these US government backed companies were a problem. These companies were not government backed until this weekend. Just more proof this candidate lacks the necessary knowledge and understanding to offer McCain any economic assistance. A subject McCain cannot decide whether or not he knows enough about. Considering he continues to support less regulation and less government after the financial and housing meltdowns caused by less regulation and less government (enforcement); McCain''s lack of qualifications are readily apparent.

[navyretired2]

"Unaccountable Americans brought down Fannie and Freddie. They couldn''''t and/or didn''''t want to pay for that which they borrowed. Things haven''''t changed much since Eden. Have they? It''''s always someone else''''s fault. How absurd. Live within your means or have your means taken from you. Life hasn''''t changed a whole lot since the beginning.

Posted by maxify55 at 06:33 AM : Sep 09, 2008"

I used to think nearly exact to that, but you have to realize one thing, not everybody''s as smart / successful as everybody else. Hell, next to Bill Gates you and I probably look like trailer park bums.

Point is, people make mistakes...that will never end. Everybody, from every level of society, makes mistakes. You''re not exempt, even if the mistakes you make are different than somebody else''s.

These types of companies should have insurance against the "unnaccountable Americans" you speak of. I certainly have auto/home insurance, why shouldn''t the companies insure their very existence? Its their fault for being greedy and corrupt, period.

[samsel3]

What Brought Down Fannie And Freddie?

OIL..OIL..OIL

[nextgenman]

What Brought Down Fannie And Freddie? Republican Greed, that''s easy.

[carlylaine]

Unchecked corporate greed...the people running this should be investigated, castigated and held to the fullest extent of the law.

This isn''t just national...it could have global implications. And exactly how many years did it take to wise up to what was going on? HOW MANY YEARS? I heard of this back in the 1990s. And this whole thing was left unchecked. Oh yea....

If you''re a Repub or a DEM...your brand of politics and hoodwinking has got to end.

You can look at the candidates (Look at BIDEN) and see where endless government corruption will end-the guy is a player.

[mick7744]

As usual, greed brought down another deregulated industry, and taxes are used to resusitate it.

This too, happened with the S&L (Savings & Loans) in the 80''''s.
Posted by Pensacola98

Funny you should mention the S&L scandal. The OTHER Bush thingee was president for that one.

[egresor]

pork barrle with the republicans that talk such a good game?

no way!

oh....and remember all those bridges to nowhere in alaska when you cast your votes this november!

let me see now....who''s the governor of alaska?