Jason Rines (iThinkBig)

The Case for Cutting Fannie and Freddie Loose

It will become nationalized after the elections and be privatized later. Our current crop of political and economic leadership will be considered in history as the most selfish and mean-spirited since the railroad & banking tycoon era of the 1870's. The depression will hit hard and fast and will dwarf the 1930's where many of the 97% of the U.S. population will go from perceived riches to literal rags. It's going to be harsh and ugly for about four years but our nation is not in the 1930's.

America has far better communications and private equity money to focus on energy, healthcare and education to become extraordinarily efficient in a short amount of time. This is what Treasury and Congress should be doing RIGHT NOW, but there is no investment into innovation, just more socialism to feed sunlight to the dead rotting trees blocking the light from reaching the seedlings which will become responsible leadership someday. It has become about preservation of power, not different than other socialist/commie nations like China and Cuba. Now we must fight the enemy within and the enemy without and with far less resources so it will be a tough deal for many people to do the heavy lifting.