GoFuckYourself.com - Adult Webmaster Forum - View Single Post - U.S. Government to take over Fannie Mae and Freddie Mac

Snake Doctor · 09-05-2008, 07:39 PM

http://biz.yahoo.com/ap/080905/mortg...ts_crisis.html

Expected to be taken over as soon as this weekend.

I, for one, think this is a good idea. NOT because I think the government should be in the mortgage lending business but because I don't want to see my tax dollars used to prop up a publicly traded company that won't pay the money back once things turn around and they start showing a profit again.

At least this way the market will calm down because there is no doubt that these two institutions have the full faith and credit of the U.S. government behind them, AND when this whole mess turns around and Fannie and Freddie are profitable again, Joe taxpayer can get his money back rather than a CEO getting a 100 million dollar bonus.

09-05-2008, 07:39 PM
Snake Doctor I'm Lenny2 Bitch Join Date: Mar 2001 Location: On top of my soapbox Posts: 13,449	U.S. Government to take over Fannie Mae and Freddie Mac http://biz.yahoo.com/ap/080905/mortg...ts_crisis.html Expected to be taken over as soon as this weekend. I, for one, think this is a good idea. NOT because I think the government should be in the mortgage lending business but because I don't want to see my tax dollars used to prop up a publicly traded company that won't pay the money back once things turn around and they start showing a profit again. At least this way the market will calm down because there is no doubt that these two institutions have the full faith and credit of the U.S. government behind them, AND when this whole mess turns around and Fannie and Freddie are profitable again, Joe taxpayer can get his money back rather than a CEO getting a 100 million dollar bonus. __________________ sig too big