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To: Deuce
Hmmm! Could a Congressman from the insurance capital of the country and a member of the House Committee on Financial Services possibly have an ulterior motive here?

Possibly. Conflict is good, it brings truth to the surface. Why should a private corporation use the power of government to acheive a real estate monopoly?

6 posted on 09/12/2002 12:42:50 PM PDT by AdamSelene235
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To: AdamSelene235
Why should a private corporation use the power of government to acheive a real estate monopoly?

It shouldn't. However, the people who are leading the parade are playing the public for dupes. They over-hype the GSE issue, when the danger these money-center banks pose dwarf the GSEs. They have more dangerous privileges,more dangerous portfolios, more dangerous accounting preferences, frequent bailouts (always described as a bailout of the debtor for further misdirection for the stunningly naive), and when all else fails, the second most powerful man in the country is in their hip pocket.

AND THEY'RE STILL NOT SATISFIED. THEY RAIL AGAINST THE GSEs!!!!!

9 posted on 09/12/2002 1:02:06 PM PDT by Deuce
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