Fannie, Freddie Shareholders Will Be Left Holding the Bag - Barron's [View article]
FRE & FNM were bad ideas from the start, and there were people saying so. Took decades to see why. Hey, I lost money in them too. Now the question is who pays for the mess? Shareholders [me]... government [you]? I'm thinking both, with the government gobbling up the companies. Polititians like to nationalize things, and then they can run at a loss all day, and run the printing presses all night to pay for it. All in the name of 'the greater common good', don'tcha know.
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FRE & FNM were bad ideas from the start, and there were people saying so. Took decades to see why. Hey, I lost money in them too. Now the question is who pays for the mess? Shareholders [me]... government [you]? I'm thinking both, with the government gobbling up the companies. Polititians like to nationalize things, and then they can run at a loss all day, and run the printing presses all night to pay for it. All in the name of 'the greater common good', don'tcha know.
Aug 18 11:06 am
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All Comments by TBill »Fannie, Freddie Shareholders Will Be Left Holding the Bag - Barron's [View article]