fannie and freddie

[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.