Does the fact that the Obama WH extended an UNLIMITED line of credit to Fannie/Freddie mean they’re failures?
by Mortgage Rates on Tuesday, October 26th, 2010 | 3 Comments
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Leeches off of us, actually, given that they were designed to do exactly what happened. It was just theft at the outset.
He said it, it was theft. There was no economic crisis. The housing market going down 30% does not mean we should give banks 700 bil. All “toxic” derivatives can be sold or dissolved.
Yes they are government failures. Now the politicians blame the capitalist system and want more power, how convenient for them.