'Crony' Capitalism Is Root Cause Of Fannie And Freddie Troubles

IBD Editorials ^ | September 22, 2008 | TERRY JONES

[Wilhelm Tell]

The thing about this is that loans like these were allowed to be made in the first place and to get mixed in with everything else to where no one really knew what they were buying.

I guess that was the whole idea. Sort of like a dishonest company selling tainted food - mix the tainted food with the good food and hope no one notices. But then almost everyone thinks they can make a quick buck by selling a tainted product, so things get more tainted until everyone starts to get sick. Or something like that.

[Dahoser]

For they know the media will not ask any relevant questions and the public will not hold them accountable.

The RATS are equally sure that the Republicans will not say a word, either.

[JimSEA]

I'm going to bed. Tomorrow will be better, I think.

[Kackikat]

Carl Icahn is one of richest billionaires out there, and he has a theory...read it at http://www.icahnreport.com

I have been watching markets for months and getting Sovereign Society Newsletters saying the Market would tank and the Great Depression coming, and watching CNBC it appeared they had serious concerns. You can read my article at http://thefreedomplatform.blogspot.com
I do believe “the blank check” should have transparency to committee oversight, since Paulson has not been right always. It is necessary to have some intervention because fo severity of situation, however in my article I support the bailout. Not being an economic genius, then I have to listen to the experts.

Ordinarily I would say let it tank, but jobs are down, prices are high on food, gas, and necessities. When a bank closes, all your outstanding checks bounce, even if the money was in the bank. You can’t get money from ATM, and that is no matter how much money you have in the bank. Unless you have a years worth of grocery money at home, then waiting on the FDIC might be stressful. They are saying those 401K’s would be lost, and that isn’t good news no matter how you spin it. This has a national security risk attached to it also...

I don’t claim to have all the answers, and think we may be beyond the point of return, and think the bail out may work...but only time will tell. My feelings are that Bush and Paulson are worried about the terrorism that could come on the news that America’s banks are bust, and people are in turmoil.

[trumandogz]

So I take it you agree with Socialism as long as it is being done by the current administration.

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