fannie and freddie

[Danzig]

http://www.msnbc.msn.com/id/45245145...s-real_estate/


seems to me a recent article said they need more funds, but they're paying bonuses. excellent! makes perfect sense to me.

[Riot]

Edward DeMarco, acting director of the Federal Housing Finance Agency, sent a letter to U.S. lawmakers that paying a total of $12.8 million in bonuses was a way of keeping talented executives with the companies. Without them, U.S. taxpayers would incur greater losses, he said.

Awwwww, that's exactly what Goldman and AIG said!

[dellinger63]

Originally Posted by Riot

Awwwww, that's exactly what Goldman and AIG said!

Except Goldman and AIG, using their talent, have managed to payback the majority of the $182 Billion in TARP money while Freddie and Fannie have not paid back a dime of their $170 billion bailout. In fact following the latest quarter they are requesting another $13.8 billion.

Not suprisingly even the poster children of business failure in the private sector run circles around Freddie and Fannie. Government belongs in the mortgage business about as much as it belongs in anything other than governing. Fannie and Freddie need to grow up, become self-reliant and stop looking at others for bailouts needed due to their own failures. They are incabale of such and thus need to go.

Nothing about getting back on our feet is going to be easy. Throwing more and more money at failure puts us in the fast lane to becoming Greece. We need to learn how to just say NO! Spending to avoid bankruptcy does not work in the real world.

[Riot]

Originally Posted by dellinger63

Except Goldman and AIG, using their talent, have managed to payback the majority of the $182 Billion in TARP money while Freddie and Fannie have not paid back a dime of their $170 billion bailout. In fact following the latest quarter they are requesting another $13.8 billion.
.

You have this amazing shallownish, that allows you to completely miss the point, no matter the thread. Please stop quoting my posts in your responses, because your blather rarely has anything at all to do with what I said. Just post whatever falls out of your brain.

[dellinger63]

Originally Posted by Riot

You have this amazing shallownish, that allows you to completely miss the point, no matter the thread. Please stop quoting my posts in your responses, because your blather rarely has anything at all to do with what I said. Just post whatever falls out of your brain.

Stop posting and I won't quote. Or please start making sense.

[dellinger63]

Originally Posted by Riot

You have this amazing shallownish, that allows you to completely miss the point, no matter the thread. Please stop quoting my posts in your responses, because your blather rarely has anything at all to do with what I said. Just post whatever falls out of your brain.

^^^^^^^^^^^^^^
Way to hand out personal insults w/o staying on topic, poster child of hypocrisy