RK

Fannie Mae Plus Goldman Plus Tax Credits Plus U.S. Treasury Add Up to Big Mess

I am not familiar with the complexity of the deal. Why can't AIG just auction off the tax credit? On the other hand, I am enjoying seeing how the government runs GM, Chrysler, AIG, Fannie, Freddie and Citi. While I am sure it will not be good for these companies, perhaps the rest of the country and the pols will learn a lesson and think twice about having the government be a majority shareholder.

If I were an employee (especially a valuable employee) at these companies, I would bail.

Fannie Mae's $19B 'Request'

These companies can just ask for $20B funding quarter after quarter with end in sight? Why should I be paying taxes? The sink holes are getting bigger and deeper. We now wait for the GM shoe to drop. How many billions are we going to throw after them? 20, 30, 50 billions?