[libertarianPA]

"What are they doing to contravene the wishes of our third president? Confronted by a real problem related to the semi-governmental status of Fannie Mae and Freddie Mac, Congress is opting for strict new regulations that amount to a de facto nationalization of these government-sponsored enterprises."

Welcome to A-Marx-ica! We're not happy unless we're controlling every facet of your life. Sure the facts tell us that private enterprise works better than statism. But our motto is, "Facts, shmacts!"

[Cicero]

Lots of luck. It looks as if Fannie Mae is heading for a train wreck, and I hate to think how many billions, or trillions, it might take to put it on a solid footing. It's the holder of last resort for every speculator's sour mortgages.

Here's the two-year chart:

[ex-Texan]

Fannie is BK. Freddy is not BK; for now. Both will be officially BK next year. Watch Fannie stock go south next week. Better yet, short the stock. Soon it will be selling for about $ 3 a share. How in the world can a bankrupt company attract sufficient capital to privatize?

[Bob from De]

Isn't or wasn't our old friend Jamie Gorelick on one of these Boards? And I seem to remember her receiving mega compensation for her services. Or am I dreaming?