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To: Pelham

“What part of government, etc....”

The same part that bailed out GM. Bailed out Fannie to the tune of $100B, and the same part that’s going to take over your healthcare.

Don’t mean to be snarfy, but government should stay out of our business; no too big to fail crap. I’m sure you agree.


108 posted on 06/14/2011 3:57:02 PM PDT by sanjuanbob (Festina Lente)
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To: sanjuanbob

The Treasury lent money to those firms, it doesn’t own them.

The previous poster thinks that the government is buying loans. They’re not. What they are doing is lending a whole lot of money to Fannie.

If someone loans your business a ton of money they have first rights to its assets but they don’t own it and they don’t run it. Fannie isn’t part of the government, hasn’t been for over 40 years.


111 posted on 06/16/2011 10:58:51 PM PDT by Pelham (Islam. The original Evil Empire)
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