rip fannie and freddie

Originally Posted by philcski

Caused quite of heartache in my markets today, that's for sure.

The gindaloons in government don't really understand the markets and corporations, do they?

Tax payers bailing out Wall Street.
Thats the ticket.

There is a point where the government has to
let people who are stupid and take enormous risk
suffer. All the investors in these lenders were getting
ridiculous 45% interest and it bottoms out, the government
steps in and bails them out.

Necessary, but a trend that is not good. Make no mistake,
we all pay for this in the long run. So we are financing
stupid risk taking.

And the Republicans delegates cheer when McCain says
they will take back Washington and give it to the people.
Who in God's name held the presidency for the last 8 years,
and the Congress for the last 5 years?
Bunch of suicidal lemmings.

Make up some bogus boogie man, WASHINGTON, run by
Republicans... and they cheer that they are taking back
what they already owned. I dont get it.