dlaw

Fannie Mae: 'Business As Usual'

Yeah, think that.

Whenever the government bails out incompetent capitalists it's a "power grab".

Why do conservatives want to get grabbed so often, I wonder.

Maybe Barney Frank and Larry Craig can tell you.


On Sep 10 06:54 PM vanyali wrote:

> Fannie & Freddie weren't broke. Citi, Merrill & Goldman all said
> so in August, and Paulson and Barney Frank both said so during the
> takeover. Paulson said thought that there was some danger that they
> *might* go broke in the future *if* market conditions continued to
> worsen *and* market participants decided to stop lending to them.
> This isn't a bankruptcy reorganization, it's a power grab by the
> feds.