Chris1

Fannie, Freddie Bailout To Wipe Out Equity Holders?

All the talk for GSE blood is self-interested or foolish. Why should the clowns in government who are at least if not more so guilty of fraud, failure and waste via policy mandates get to swipe the equity over a panic and circumstance they themselves have created?

Who is really the Enron in the story? GSE dupe shareholders or the government that talks confidence up and down the street with agendas? The shareholders deserved a hit but 100% while the government who drove the free lunch failure loans gets to point the finger and cut the shareholder down?

A new level of hypocrisy has been reached. Good luck privatizing the other 75 years of accumulated socialists failures through public offerings and "joint ventures".