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US Govt. Takes on Big Role in Mortgage Market

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Uploaded by on Sep 8, 2008

Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration is seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis. (Sept. 8)

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  • The property tax should be abolished.

  • You know how all those dummies withdrew hundreds of thousands of dollars out of their homes?

    Congratulations, you're on the hook for it, even if they default on their house payments.

    This is what the bailout has done. You're paying for MORONS that bankrupted themselves, and for the MORONS that gave them money to do it.

  • One complaint: No one brings up how this is a violation of the free market theory? How can you do that on the biggest government take over ever? What about bailing out the stock owners? As a homeowner I am ticked about this.

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