SouthernBeachGuy1960

The Government's Moral Hazard with Fannie and Freddie

I don't see a bailout was necessary yet. Most companies are allowed to work their way out when financial problems occur. Home prices have been too high for several years this seem to be a good way to correct that, but the Gov't says, you don't have enough reserves. More time should have been given FRE & FNM. Now all of these Retirement Funds that had millions of shares of those companies stocks loose. In essence the Gov't said, "You people that acted irresponsibaly and took out dumb loans will get help, all of you people that saved and did the right thing............ tuff". You saved and invested in the country and you loose you money so the Gov't can help stupid people.