So we just nationalized F & F at the drop of a hat, without any debate, without amendments. Now Congress wants to give crooked former CEO Franklin Raines a $5.3 million severance package for cooking the books.
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Should we change the independence of the Fed? It sure seems that they are starting to abuse that independence. First 400 billion, then more, now 200 more, and this FF bailout...does that make us liable for the trillions in loans they had out?
What does the Fed have to do with the takeover of Fannie and Freddie?