Discuss "Fannie and Freddie follies"
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From the Los Angeles Times
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From the Los Angeles Times
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Subsidies are hardly a very efficient way to achieve home ownership goals either. Is this the best we can do for an alternative to Fannie and Freddie? Some people are trying to use this crisis as yet another means to pursue the goal of dismantling any and all federal social programs.
Beluga @ 4:48 PM PST, Nov 19, 2008
Barney Frank and Chris Dodd will skate away from the mess they helped create.
Tupac Goldstein @ 4:20 PM PST, Nov 19, 2008
Fannie and fredie, bankers,insurance brokers,and mortage brokers,also sufferd from bad mangement, however they got part of the bailout monies.they like the auto makers share extreme bonus,and perks,ie private planes.according to Republican Congressman its OK to reward, white collar crimnals.. When it comes to the car industry,and there is a lot of blue collar workers,then thats bad.There should be no BAILOUT for any one,let the Free Market work.
Dean Charles @ 2:56 PM PST, Nov 19, 2008
We've been less than sympathetic to the Big 3 so far -- see the editorial Aug. 28 which stated, "Aren't the Big Three, which collectively employ nearly 250,000 people in the U.S., also `too big to fail'? The short answer is no, they're not.' And on Nov. 17 we again expressed skepticism about the government's ability to rescue Detroit, although we also said, "We'd like to see policymakers find an effective way to help U.S. automakers." The key word there is "effective," not "help."
Jon Healey, Los Angeles Times @ 11:55 AM PST, Nov 19, 2008
What?? The LA Times saying that government is not the end-all, be-all solution to our nation's ills? Truly Shocking. I only wish the Times could be so forthwright before the election, partisan politics be damned. Is the Times going to continue with this honesty streak and hammer the Big 3 where it hurts? Or will it jump back in bed with the Democratic Party?
Tom @ 8:42 AM PST, Nov 19, 2008
They both should be divided up into smaller companie and made truly private. It's time to get rid of too big to fail.
Aviking @ 8:04 AM PST, Nov 19, 2008