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Fannie, Freddie Bailout To Wipe Out Equity Holders?

We all should have told Paulson to screw himself back in March when he said that they would not bail out anyone. In fact the entire leadership should be shown the door for attempting to regulate after the damage is done. They need to nationalize Fannie and Freddie and be done with it. This half ass approach to financial engineering is just prolonging a painful process caused by regulators asleep at the switch for years. The machine is broken, kill it and move on....