Latest update: 08/09/2008 

- economy - finance - USA


Washington takes over Fannie Mae, Freddie Mac
Comments (1)

Madness

This is of course pure madness. By propping up these organizations, the people are now financially responsible for their fraud. They should be punished and let to go, so that the market can step in and fix the problem. Depressions are prolonged by this sort of intervention. Now the message is claer, you can do as you please and the government will fix your problem. However, if you are a small business or and individual the federal government will punish you to the full extent of the law. If an individual had done what these organizations have done they would be in prison.

This is authoritarian!

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