[Jack Black]

Um, lets try again. A very large quasi private entity has been spectacularly mismanaged by political apointees with little or no background that would allow them to successfully manage said entity.

Now, it is in very bad shape, and politicians are suggesting that the taxpayers take over the firms. This would add 5 Trillion dollars to our debt, according to another article linked on drudge this AM. If only 10% of their debt is bad, we, the taxpayers would get stuck with a $150 billion check to cover.

The cost of the Iraq war. But of course it could be 15% or 20%, we just don’t know.

I would say that among all the idiotic things that politicians have done this is probably the most expensive, and so one of the worst.

It’s not class envy that makes me mad, its favoritism, nepotism and they resulting massive costs to taxpayers.

[VOA]

It’s not class envy that makes me mad, its favoritism, nepotism and
they resulting massive costs to taxpayers.

No kidding.

I respect Dubya for all he's done to fight back against the Islamo-nuts.
And getting a couple of good guys onto the USSC.

But I was wondering what would be the outcome of his endless mantra
about getting as many Americans as possible into home ownership.

Now we are going to live with the bitter fruits of that well-intended
and horribly mis-managed enterprise.
Dubya ain't the one that committed the massive frauds...but I
do wonder if, to some degree, he passively didn't exercise
more oversight by not using his bully pulpit to advocate PRUDENT
financial approaches to home ownership.

[Nick Danger]

spectacularly mismanaged by political apointees with little or no background that would allow them to successfully manage said entity

You would have more credibility if the stuff you said was true. I just looked up the backgrounds of all of the key officers of both Fannie Mae and Freddie Mac. For you to say that any of these people have "little or no background that would allow them to successfully manage said entity" marks you as someone who either has no clue who these people are, or does know who they are and is lying to us on purpose. Every one of these people is an accomplished, experienced executive.

Rant away, but please don't lie to us.