unlawflcombatnt

The Fannie/Freddie Heist

Regarding the "fairness" issue — it's not fair at all. Why should smart renters — who correctly assessed the bubble nature of the housing market, and abstained from buying overpriced homes — also be stuck with the tab? Why should those of us who wisely stayed out of the housing market have to pay for this mess.

This is a form of wealth redistribution. It's a redistribution of wealth from the "responsible" to the "irresponsible." It's a redistribution from workers and non-speculators—to speculators, financiers, & con-artists.

There is nothing "fair" about the Fannie-Freddie bailout. And it will simply perpetuate speculative and irresponsible investment. Worse still, it will bring even more in the future, necessitating even more bailouts.