"Yo, I still say lettum' fail, hommie."
Posted on 07/13/2008 3:31:33 PM PDT by Sleeping Freeper
U.S. rescues Fannie, Freddie Treasury Department raises credit line, has power to buy companies' stock. Fed will open discount-lending to two government-sponsored mortgage lenders. Paulson calls for new regulatory controls.
(Excerpt) Read more at marketwatch.com ...
I predict oil will fall due to the 2 Iran hoaxes being debunked...
and this move will cause the markets to rise.
More detail here:
http://money.cnn.com/2008/07/13/news/economy/fannie_freddie_sunday/index.htm?postversion=2008071318
Futures shot UP on the news. It baffles me.
They are too big to fail. Any Fed who would let them fail ought to be shot.
I wonder if there is anything they can do for Bernie. He has brought down the wrath of the Messiah on himself.
And the destruction of the American dollar continues....
Can you imagine what the oil speculators had to pay to get the Iranian military to pull of that stunt?
I don’t get it... the price of gold hasn’t gone anywhere according to kitco.com... I sort of expected a rise in gold when the Feds bail out Freddie Mac and Fannie Mae...
It’s only money.
They are probably sticking it to the short sellers.
The fake missile launch or the fake news of IDF staged at US bases in Iraq?
RE OIL PRICE:
tropical system getting organized in the mid Atlantic, conditions very favorable for development..some long range models and current upper air pattern suggest that it will move into the carribean then maybe the into the gulf
They have a great gig, their profit is privatized but their risk is socialized. Beautiful for all except the taxpayers.
If we’re going to rescue Fannie and Freddie, then we need a **PUBLIC** audit of their books.
The bonuses that they have paid out to Democratic Party political hacks need to highlighted, too.
They should bail them out, only if Franklin Raines and Jamie Gorelick are forced to return the money they essentially stole from the shareholders.
Is this good or bad???
There’s always someone looking to dump some bad debt caused by poor decisions on the US taxpayers. God forbid they’d actually have to be RESPONSIBLE for themselves for a change.
I saw an expert on Cavuto a while back say one storm in the Gulf and you’ll see gas at $10 a gallon. I wonder what the price has to be for minimum wage workers to say, “That’s it. I can’t afford to go to work”.
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