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.

read more | digg story

No comments:

1-30-2025

Trump announces up to 30K illegal immigrants will be sent to Guantanamo Bay Tesla’s profits slide over 70 percent in the fourth quarter ‘Gul...