ItsJustMe

What Kind of Government Support Will Fannie and Freddie Get?

I'm sorry but I don't see where anyone has "owned" the author of this piece. We seem to have a lot of folks wanting the government to step back and let the GSE's fail for their foolishness.

I'm sure most of you own financial puts (as do I) and the GSE's have certainly been foolish, but as the author points out, it is the government's job to prevent the American economy from collapsing and costing millions of innocent people their jobs.

It is unfortunate when a side-effect of that action benefits incompetent managers but don't let your greed overwhelm your common sense. The GSE's will likely be penny stocks in time but letting them collapse is NOT in your best interest as an American even if you think it would be good for your short-term portfolio...