Is it fair for the government to bail out private corporation Fannie Mae $3.9 billion using tax dollars???????

Question

And Freddy/Fannie mae are NOT a bank like people are erroneously stating. THey are just an investment company that purchase funds like stocks based on real estate and have no impact on the housing market, just making profit from the people's windfall.

Answer 1

You seem to have some answers. We all see the government is going WAY off coarse. What can we do about it? I see a Big F'ing Riot coming up If it keeps going the Bush's way.

Answer 2

Fannie mae isn't  private company, it was started by the government as was freddie mae which was created to give Fannie mae some competton.  So basically it's the government bailing out itself.

Answer 3

d**n that sneaky, little pawn of the PNAC.  Oh well what else would you expect from the republican party.  Let's see wasn't one, or two of little georgies brothers involved in some kind of a savings & loan scandal a while ago?

Answer 4

Hi,

It is not US taxes dollar. It is Chinese, Brazilian, Mexican taxes. The US is 10,000,000,000 in debts to those third world nations.