This thread discusses the Content article: Feds show plans to save Fannie and Freddie

And the spiral continues. The government has no choice but to bail them out. If not, it could lead to a real global crisis. Just another example of failed Republican economic policies.

Tax cuts for the wealthy and supply side economics? Checked the deficit lately? How about the dollar in the dumper?

Dismantling government regulation of business? Can you say mortgage crisis? Bank failures, not to mention rampant speculation in the oil futures markets, where a barrel of oil can change hands five, six, seven times before it ever gets to a refinery, going up in price each time.

The chickens of the Reagan "get government off the backs of business" era are coming home to roost. They always do.

truthhurts wrote:
This thread discusses the Content article: Feds show plans to save Fannie and Freddie

And the spiral continues. The government has no choice but to bail them out. If not, it could lead to a real global crisis.

The federal government most certainly does have a choice. It can choose to let economic principles play out, painful as it may be. Bush is proposing BUYING SHARES to prop up prices. A very, very bad idea.

When corporate boards, officers and investors make mistakes, they should be held acccountable. The taxpayer should not. There are a lot of people who chose not to put their money at high risk, chose homes they could afford and chose low risk standard mortgages. People who played fast and loose with their money should not get bailed out. People who played fast and loose with other people's money should be put in jail.

Dismantling government regulation of business? Can you say mortgage crisis?

It started with Greenspan's mantra of loose monetary policy. He believed the neocon principles that we can spend our way out of anything. Guess he's wrong.