US Mortgage Giants Nationalized

More at http://www.therealnews.com/c.php?c=080901YT
Ron Blackwell of the AFL-CIO says housing prices falling faster than during Great Depression

Category:

News & Politics

Tags:

• therealnews
• real
• news
• politics
• media
• mortgage
• giants
• fannie
• mae
• freddie
• mac
• economy
• housing
• forclosure

[darkkittycry]

Her comes a downward spiral. The CEO's of these companies get to walk away with millions upon millions and THE TAX PAYERS have to pick up the tab for their mistakes. They should have just let these institutions fail to make the people who made the bad decisions responsible for them. Why should my children's, grand-children have to pay for greedy dishonest millionaires thievery. I think their assets should be taken back to pay for some of this and they should be put in JAIL.

[WakeTheFuckUpSheep]

Does it even concern the average idiot who thinks this is actually a good thing that the US government now owns 80% of the homes in the US?

Consider this - now that the US government is the holder of the deed, and effectively owns your home - the 3rd Amendment and 4th Amendment of the Constitution no longer apply to you. As it is now their home, the police/military can come in & take over...search your sock drawer and sleep in your bed. Do you think this also entitles them to fuck your wife?

[jasonlajoie]

Dearest PerfektBlue,

Yes of course you're right. That's why the worst economic period in the U.S. history was called 'The Great Depression', because a depression is when the good times start rolling. I need to "go learn some economy" and "stop listening to idiots". Wait...then why am I listening to you?

[PerfektBlue]

Hey dont use improper wording !

A recession is when most businesses start to get bankrupt.

A depression is the end of the recession cycle and firms stop getting bankrupt.

Depression is good ! Recession is bad , we are in a recession , go learn some economy and stop listening to idiots or the media or the idiots from the media.

[theunknownknows]

The housing bubbleburst will be a boon to me. Soon I'll be able to afford a home myself. And I WON'T buy a house with a mortgage payment that puts my bills at 98% of my income, like thousands of fools did in S. Florida.

[eastcombe127]

So was he against wage slavery then? don't think so, he was all for the freedom of the rich, period.

[ogello]

and by the way, friedman was neither neo con nor con - he was brilliant in all aspects of liberty. All for freedem period

[jasonlajoie]

Rolandzebulb: Hey asshole, it hasn't caused a "global depression" or any depression, which is what my return comment was about. Thanks for adding your two cents though fuckwit.

[Rolandzebub]

Your arrogance is not justified by your ignorance. Many, many European banks and municipalities owned derivatives that were securitized with junk mortgages packaged and sold with bogus ratings. You clearly don't know what the fuck you are talking about.

[Rolandzebub]

Funny how these neocon and neolib Friedmanoids become instant Fabians when their corrupt oligarchy is threatened. After all, what would be the political consequences of a global economic depression? Can't let the frogs know they're being boiled . . .(we're the frogs.)

[RGMorgan]

I'm upset the video didn't point out Palin's mistake. "They have become too expensive for the taxpayer."  That shows a complete lack of understanding of fannie and freddy. They were quasi-private before this bailout, not costly government programs. The Republican policy of de-regulation is the reason we're in this mess. Slash and burn Governor Palin, bless your heart!