Top
Advertisement

The fannie mae and freddie mac bailout

i dont know who to not be pissed at on this.

the democrats for putting us in this situation or the bush administraion for bailing them out.

it was well known among the democrats years ago that there was shady bookings and dealings with the two financial giants. but they were all being very well paid by them so they covered the situation. after numerous attempts by the republicans, in particualr john mccain, to regulate them, the democrats continued to shoot it down. i guess it makes sense tough. chriss dodd, john kerry, and barack obama were the three highest recipients of cash from the two companies.

as for the bailout. this is a capitalist society. this means people must answer for their actions. if your company collapses, youre responsible. not the government. of course once the bailout was announced, everyone was like "well i cant pay my mortgage, bail me out" this is bullshit. people need to learn responsibility. im sorry if your home isnt worth what it was 3 years ago but thats how the market intends. look up ron pauls opinion on this and it will enlighten you.

idk i can decide who i agree with anymore

4
Ratings
  • 376 Views
  • 6 Comments
  • 0 Favorites
  • Flag
  • Flip
  • Pin It

6 Comments

  • Advertisement