Sunday, September 07, 2008

Fannie and Freddie Bailouts

the real reason is to bail out wealthy investors and banks and so on. The economy, of course, would be better off without the bailouts. Let's assume F & F folded. Their wealthy shareholders would lose money. The banks whose loans they guaranteed would lose money. That's far better than the taxpayer or inflation-payer--that would be me and mine.

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