Fannie Mae and Freddie Mac Debacle

[MaskedBlazer7]

this is soooo boring

[eksdem]

I like to call this a DEMbacle.

[kinimalia]

BAILOUT BILL: NPR reported 10/4/08 on This American Life that for the taxpayers to purchase this huge, stinking pile of garbage assets and get nothing in return is certainly possible.

However, someone in both Sen and House has added language to the bailout bill to give the Treasury Secretary the OPTION of requiring stock in the failed banks, along with the worthless assets.

Sort of like yes, we'll buy your bad debts, but we own a % of your business.

Q: How do we force them to do this now?

[courtneyblushtg]

I say sink or swim! Let them droned in their own swim hole they have made with their high interest loans lope holes hidden fees that they so love to screw Americans over with! By letting these greedy ass holes eat it this will make room for new or smaller companies to take their place!

[StandardJohnDoe]

I am going to correct Kate MacKenzie (FT reporter), because this -IS- THE BIGGEST BAIL-OUT EVER.

[chingon711]

WOW!!! 70% depreciation in Japan!! YIKES!!! If it happens here in the US, we are truly fucked. Store up on food and water. This country will soon be complete chaos.