Posted on 03/02/2009 6:55:12 PM PST by anniegetyourgun
Despite assurances that the takeover of Fannie Mae and Freddie Mac would be temporary, the giant mortgage companies will most likely never fully return to private hands, lawmakers and company executives are beginning to quietly acknowledge.
(Excerpt) Read more at nytimes.com ...
The truth about the looting of Fannie and Freddie WILL out. I just hope I live long enough.
...And lawmakers of all stripes are quietly voicing worries that government involvement in the mortgage industry could lead to the very problems that caused the current crisis.
Keep in mind--this is the NYT saying this.
Shut them both down. Rahm and Gorelnick plus raines and others looted both of them. They should all be in jail.
This is unconscionable. Politicians use Fannie and Freddie as their own personal piggy bank and as a political tool. WHAT A JOKE!
Congress is such a failure. Holding hearings on baseball players who took drugs, and giving them selves a pass for destroying a financial system.
Shut them DOWN. In a perfect world, Rahm, Gorelick, Raines, Frank, and Dodd would be in the dock.
Regarding your tagline, as an automation engineer I am boycotting GE, sending as much business as possible to Allen Bradley - good conservative company (are you reading this Stamford CT?)
This article is an amazing start on the truth....
Any info on Ginnie mae?
The Dems won’t need Fannie and Freddie anymore — they will have nationalized banks to give them political donations for their corrupt designs.
Good man (or woman ;-) ).
GE is a really slimy company. I know Docs who tried to buy their MRIs and they said they are slimy. I almost bought a office building with some people owned by GE and they were nasty jerks. Real creeps and incredibly arrogant.
It really is stunning. I just keep wondering how long the lib/dems who want us to “give Obama a chance” want to go before they open their eyes to see the destruction of the nation. Do we wait until there is no Christmas because people are jumping out of windows, threatening their mortgage holders with home destruction, and roving gangs of unemployed high school drop outs are looting largely closed down businesses and warehouses?
Yes it is....thanks for posting it!
God damn liberals and their dull-witted sychophants to Hell. May a Tenth Circle be created just for their Eternal Incineration.
Don't forget the Clinton crime family.....I only hope I live to see them all brought to justice. Ceauşescu, anyone?
Uh...I can get with that....
The government maintained elements of control. On a pretty regular basis thieves and charletons were appointed to head up the agencies.
As usual thieves stole and charletons allowed their friends to steal.
This is a loss? To who? To what?
“Real creeps and incredibly arrogant.”
Seems to be a prerequisite to work for G.E.
Yes, to the market and to consumer confidence.
FDR’s “New Deal” continues on giving -— Fannie Mae was created by FDR back in 1938.
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