FINANCIAL REFORM BILL: DOESN'T ADDRESS ROOT CAUSES OF MELTDOWN, MASKS GOVERNMENT INEPTNESS

Red County ^ | May 7, 2010 | Matthew Burke

[TheFreedomPoster]

Here we go again! Once again Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are left out of the new 1,400 page Financial Reform bill currently before the U. S. Senate...

[subterfuge]

If Fannie and Freddy are properly regulated how is the obama regime going to keep *$&#ing us?!

[avacado]

"If Fannie and Freddy are properly regulated how is the obama regime going to keep *$&#ing us?!"

Oh.... they're being regulated all right. Obama gave them the green light to stuff themselves with more subprime loans at taxpayer expense.

[rockvillem]

At this point Fannie and Freddie exist to have the responsible subsidize the irresponsible. All designed to get at least 50.1% of the voters suckling at the federal teat in some way. Then stick your fingers in your ears so that you can’t hear Margaret Thacher’s apt description of the problem with socialism - running out of other people’s money.

The fact that Fannie and Freddie aren’t covered by this “reform” bill tells you everything you need to know about how this bill has nothing to do with actual reform.

[humblegunner]

Actual title: Financial Reform Bill: Doesn't Address Root Causes of Meltdown, Masks Government Ineptness

Note that it does not contain childish "all caps".