Selective Bailouts

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Selective Bailouts

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-M-

7/14/2008 8:54 AM

lame duck

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You mean you've never been to such a place in Smallville, USA. Forget those big city chicks, smalltown girls are off the hook. Ye and the ones from the 51st state are pretty wild too
-- Never try to impress a woman, bcz if u do she'll expect u to keep up the standard for the rest of ur life. W. C. Fields

Locus Coeruleus

7/14/2008 2:26 PM

Radical Centrist

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Well the bailout of Freddie & Fannie is here

But....I thought Freddie and Fannie ARE the government. So now we have the government bailing itself out? Crazy

--
Reaching out now and I touch your face,
Please believe I'm only traveling.
Like seeking wonder from a foreign place,
It matters not from where I'm coming.

-Ween, "Back to Basom".

jerm

7/14/2008 2:36 PM

Elite Pathogen

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They aren't exactly owned by the government but they were created by the government.
-- -A government that is powerful enough to do anything for us is powerful enough to do anything to us. -Fred Thompson -There are two races of people, the decent and the indecent. - Victor Frankel -They who would give up an essential liberty for temporary security, deserve neither liberty or security. - Benjamin Franklin Consequences

Locus Coeruleus

7/14/2008 2:39 PM

Radical Centrist

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But are they quasi-government, kind of like the USPS? Or are....were they completely independent (before this supposed bailout?
-- Reaching out now and I touch your face, Please believe I'm only traveling. Like seeking wonder from a foreign place, It matters not from where I'm coming. -Ween, "Back to Basom".

jerm

7/14/2008 2:50 PM

Elite Pathogen

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I believe they are independent. I think Freddy Mac was created when they gave Fannie Mae some privitization so that there wouldn't be a monopoly. They have shareholders and all that but I think they are beholden to the government in certain ways and they may recieve subsidies from the government as well but I think on paper at least, it's not like the Postal Service. Not sure how it works exactly to be honest.
-- -A government that is powerful enough to do anything for us is powerful enough to do anything to us. -Fred Thompson -There are two races of people, the decent and the indecent. - Victor Frankel -They who would give up an essential liberty for temporary security, deserve neither liberty or security. - Benjamin Franklin Consequences

-M-

7/14/2008 3:45 PM

lame duck

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They are chartered by governement, but privately owned. Theirs is one of those grey domains, where you dont really know if we live in a Matrix style world or is Capitalism for real.
-- Never try to impress a woman, bcz if u do she'll expect u to keep up the standard for the rest of ur life. W. C. Fields

Locus Coeruleus

7/14/2008 5:10 PM

Radical Centrist

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Thanks for the info, guys. In related news, I heard Dave Ramsey say today that 90 percent of these forclosures are in Michigan, Florida, California, Phoenix (AZ) and Las Vegas (NV). That doesn't make the situation any better than it is (esp. for those involved), but is interesting if true.....
-- Reaching out now and I touch your face, Please believe I'm only traveling. Like seeking wonder from a foreign place, It matters not from where I'm coming. -Ween, "Back to Basom". Edited: 7/14/2008 5:11 PM by Locus Coeruleus

Scipio Africanus

7/14/2008 11:23 PM

Grognard fantôme

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So if Freddie or Fannie go out of business, who honestly feels the pain? Tom, Dick and Harry, or just Ronald Fat Cat? Or all the above?
-- "'The front' is wherever you stop running away. Get used to it. This is what modern warfare looks like." K T Cat

-M-

7/15/2008 3:27 AM

lame duck

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Well, the financial industry rhetoric is that it would be all of the above. But then again tobacco industry used to say that smoking was good for you.
-- Never try to impress a woman, bcz if u do she'll expect u to keep up the standard for the rest of ur life. W. C. Fields

jerm

7/22/2008 12:22 PM

Elite Pathogen