Thread: Freddie/Fannie Bailout Imminent

Well, look - my thinking is, if you have a little regulation, you won't have to deal with a LOT of bailout.

This Freddie/Fannie bailout, is going to cost the People a LOT of money, and, it'll even affect monetary policy - the Fed'll probably kick down interest rates a little just to finance the thing.

But see, start looking into this a little.... I'll give you a hint: Jamie Gorelick (ex-Clinton) is a major figure in this. She actually paid herself a 26 MILLION DOLLAR BONUS while she was an executive. So, ..... how do you stop stuff like that, without regulation?

Regulation is NECESSARY. Otherwise, you get what we're seeing now, which is some lame-ass attempt to cover a gaping wound with band-aids.

I don't know about you, but I have COMPLETE confidence in the vagaries of human nature. Given an opportunity, someone will take it. So, unless you're ready to accept that, it seems to me you oughta be GLAD for the chance to pay someone a buck so they can save you a thousand.

But, that's just me - you may feel differently.

Originally Posted by nonsqtr

Well, look - my thinking is, if you have a little regulation, you won't have to deal with a LOT of bailout.

That doesn't logically follow. We don't need regulation or bailouts.

This Freddie/Fannie bailout, is going to cost the People a LOT of money, and, it'll even affect monetary policy - the Fed'll probably kick down interest rates a little just to finance the thing.

The Fed and the government created the mess in the first place.

But see, start looking into this a little.... I'll give you a hint: Jamie Gorelick (ex-Clinton) is a major figure in this. She actually paid herself a 26 MILLION DOLLAR BONUS while she was an executive. So, ..... how do you stop stuff like that, without regulation?

Get government out of the mortgage business.

Regulation is NECESSARY. Otherwise, you get what we're seeing now, which is some lame-ass attempt to cover a gaping wound with band-aids.

What we're seeing now are the effects of GOVERNMENT INTERVENTION. Why is this so hard to understand? Regulation will only make things worse.

Defensor, I think you're lookin' at the wrong problem, IMO.

Yes, you're right, it's a problem, but I think it falls into a bigger context.

Think of it this way - (and this is why I call these Bush-licking Neo-Fools "statists", 'cause look what's happening) - every month a new industry becomes nationalized and is the responsibility of the US Government (read: taxpayer, or worker if you prefer).

And those that don't become nationalized through bailouts, get that way by hoppin' into bed with the gov business-wise. Like the PHARMAS for instance, with Medicare Part D and all that. And the example I keep pointing to, for where this all leads, is IG Farben. Check it out. It's scary as HELL!!!

See, so, you and I both know, that the happy taxpayers are gonna be holding mortgage paper at 1%, while inflation's going to be running at 10 to 12, and so ONCE AGAIN, we have a perfect example of the utter stupidity and bass-ackwardness of the Neo-Moron thinking.

The real problem here, is that these assholes are MORTGAGING OUR FUTURE, and our childrens' future, and they won't stop! Each and every time they have a little problem, they wanna throw money at it and hope it goes away. They did it after 9/11, they did it in Katrina, they did it in Iraq, they did it in Medicare part D, and now they're doin' it AGAIN with all these bailouts and stuff.

We can't AFFORD this - THAT's the problem! I'll pay "a little" for someone to protect our national borders and fix our roads, but I ain't payin' for some idiot to PISS AWAY MY MONEY on this crap. The US is already a debtor nation, and next year we're gonna start havin' trouble getting loans, and that is a BIG problem, not only for corporations and the US economy, but also for individual who want to owh homes.

Of course the bailout is immanent, to bad it will not help the share holders. This government sucks. Government to wipe out Fannie/Freddie shareholders by Sunday

800 billion to a very small number of benefactors, yea team!! Way to go tax payers....hey wait that includes me, well not any more, I have had it up to my eye with this bullshit!

Originally Posted by michaelr

Of course the bailout is immanent, to bad it will not help the share holders. This government sucks. Government to wipe out Fannie/Freddie shareholders by Sunday

800 billion to a very small number of benefactors, yea team!! Way to go tax payers....hey wait that includes me, well not any more, I have had it up to my eye with this bullshit!

I think I'm with you on that, Michael. I'm goin' on a tax strike. Not ONE MORE RED CENT to fund this stupidity. NOT ONE!!!

Where were these bastards when I needed 'em three years ago? Oh, sorry, it wasn't a problem for THEM then - just ME. Well, I got out by the hair of my chinny-chin-chin, and only with LOTS of help from some very clever people. And made out pretty well too - got out just in time.

But last month when I got sick and needed disability, the bastids told me I couldn't get it 'cause I invested my entire life savings into a business and didn't show any income last year. And I mean, I've been paying into that goddamn system for THIRTY YEARS, and now they're tellin' me I miissed some kind of ridiculous window or somethin' - and I mean, I was STONE BLIND, couldn't see a thing, right? Couldn't drive, couldn't see the phone, could even read the fuckin' letter they sent tellin' me I wasn't gettin' any money.

Nah, I'm sorry man, this SUCKS, I hereby REVOKE permission for the government to spend my money. The bastards aren't listening to me anyway - they keep goin' against stuff that the overwhelming majority of Americans want, and they keep doin' stuff that NONE of us want.

So, like, I'm done funding this crap.

And I mean, these people can toss me in jail and pay for my room and board for a year and spend even MORE public money for that purpose - BE MY GUEST, right? If I can't make a living, then what difference does it make which doorway I sleep in at night?