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Fannie Mae and Freddie Mac bailout. We get the bill and the Corporate leaders get there profits ....they keep there stock and pay checks. They should have been allowed to fail. The unaffected mortgages would go to sound banks and the foreclosures would stop thus giving those homeowners a good chance to refinance.
The Government bailed out the fat cats at our expense.
ubuibiok 3 years ago
The CEO's of Freddie and Fannie should have to give back their $40 million in combined salaries. This is a very sad thing that has happened and could have been prevented. It was a type of pyramid scheme that these folks were running and now the taxpayer gets to become the new sucker. Call your congressmen and tell them no more corporate bail outs while making bankruptcy harder for the little people.
1BuckeyeNation 3 years ago