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More happy news! Will the bailouts ever end?
1 posted on 11/14/2008 6:16:32 AM PST by DeaconBenjamin
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To: DeaconBenjamin

I guess the good news is that consumer spending is way off.


2 posted on 11/14/2008 6:18:05 AM PST by Glenn (Free Venezuela!)
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To: DeaconBenjamin
Freddie Mac Posts Record Loss, Asks for $13.8 Billion
3 posted on 11/14/2008 6:18:42 AM PST by DeaconBenjamin
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To: DeaconBenjamin

The taxpayers suer made money on this one! [/sarcasm]


4 posted on 11/14/2008 6:18:57 AM PST by ikka (Brother, you asked for it!)
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To: DeaconBenjamin
What's the status of FARMER MAC?
6 posted on 11/14/2008 6:20:16 AM PST by pointsal
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To: DeaconBenjamin
Freddie Mac said it expects to receive the money from Treasury by November 29.

At the current rate of bailouts, I am not sure there will be any money left in the US treasury on November 29.

7 posted on 11/14/2008 6:23:42 AM PST by mlocher (USA is a sovereign nation)
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To: DeaconBenjamin
Let's replay that video of the Congressional hearings where Maxine Waters says that Franklin Raines is doing a great job running Fannie Mae and Barney Frank says Freddie Mac's in great shape. Let's give ole Franklin a pat on the back as he cooked the books and stole $90 million for himself. True, he got caught and those nasty politicians made him pay a fine of $1 million. Let's see...take in $90 million, pay out $1 million and endure a slap on the wrist...Yep, they sure taught him a lesson--crime doesn't pay when Congress is in charge. Then, after that crushing fine, let's have Obama give him the job of directing his economic policies. Now there's a plan for success...or is it a train wreck waiting to happen?
9 posted on 11/14/2008 6:26:30 AM PST by econjack (Some people are as dumb as soup.)
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To: DeaconBenjamin
Treasury Department to provide $13.8 billion for Freddie Mac to erase the shareholder equity deficit. Freddie Mac said it expects to receive the money from Treasury by November 29.

So Nov. 29, after an injection of $13.8, the company will be worth approximately $0?
12 posted on 11/14/2008 6:42:29 AM PST by allmost
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To: DeaconBenjamin

Is this before or after the Democrats filled their pockets with taxpayer money?


15 posted on 11/14/2008 7:08:55 AM PST by parthian shot
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To: DeaconBenjamin

I’m wondering if Barney Frank still thinks there is no crisis at Fannie and Freddie, like he said in 2004 while a member of the House Financial Services Committee...


16 posted on 11/14/2008 7:39:08 AM PST by dashing doofus (Those who are too smart to engage in politics are punished by being governed by those who are dumber)
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To: DeaconBenjamin
Burn through that 200b pretty damn fast!
17 posted on 11/14/2008 8:28:39 AM PST by org.whodat (Conservatives don't vote for Bailouts! Republicans do!)
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