User 125027

Fannie/Freddie Bailout 'Disastrous Fiasco'

The notion that we doubled the size of the national debt is simply ludicrous. There are assets that go along with those liabilties. The difference between the liabilities and the ultimate value of the assets will determine the cost to the taxpayers. These were formerly profitable entities that went astray from their core business and became distressed assets. Any investor with an unlimited checkbook and the ability to borrow at some of the lowest interest rates in the world should be able to turn these around and ultimately make very handsome profits. But then again, we're talking about the Federal government, so expect them to find a way to lose money on this deal.