US taxpayers bailing out f***y Mae / Freddie Mac?

Question

How can USA be so full of " S "

What a country, eh?

I am so done with this country and government.

SEWER COUNTRY!

please advise?

Answer 1

What advice do you need here?



   The government chose to offer additional credit or to buy shares from either company to keep them from folding. I, like millions of college grads (and drop-outs) have several student loans, so I greatly appreciate the governments assurances that these companies will not fold.

   If you don't like the way the government is spending the money, move to Belize. No point in whining about it if you're not going to do anything to fight it.

Answer 2

First of all the "FED", the federal reserve bank and the Federal Govn't are nowhere near the same.  Second of all the real bail out is to Japan.  This is nothing more than money laundering.  f***y and Freddie are having trouble because of the massive loans to Japan!  Now WE THE TAXPAYERS are going to bail out Japans debt!  If the two lenders were to go under, there would be no damage to our economy.  In fact it may help, clearing the way for better competition and strengthening the Dollar.  And further more those with homes on the block might just come out ahead with a home and not be deposed!

Answer 3

If you don't like it here then leave - I won't miss ya.

The US government offering to lend money (not bail out) f***y and Freddie will help ensure there are mortgages for people that want to buy houses.

This is a good thing - it will help people, and any money borrowed must be paid back with interest - this is the same thing that banks and other mortgage companies have access to in the market.

You don't know what you're talking about.

Live somewhere else - c u

Answer 4

So move and quit your whining.  Maybe you would be happy in some 3rd world country waiting in line for toilet paper.

Answer 5

Most of the people who will benefit from this "bailout" (vote buy) are people who just bought more house than they could afford and cried "Foul!" because they didn't have the sense to read the mortgage beforesigning it.  They should be tossed from their homes into something they can afford.  I see nothing in the Constitution of the United States that makes taxpayerss responsible for the stupid decisions of others.

Answer 6

you should probably clarify why you think the bailout makes this a "sewer country".  Otherwise, you'd run the risk of sounding like an idiot.

Answer 7

I FEEL YOUR ANGER

Answer 8

I understand why the US Gov  had to bail out f***y and Freddie but there should be some repercussions for the Chair people of both companies..

There is no excuse for lending out money they had no hope of regaining.  

Look what happened  to all the poor American families who lost there homes in the sub prime mortgage disaster.  Surely the respective boards have to go.

Answer 9

You do realize that not helping them would be a disasterous blow to the ecnonomy? Correct?  That, just like in the Bear Sterns, near financially fatal incident...it would have been a catastrophe if the Fed had not helped them.  Don't get so over board...the Fed isn't just handing out free meal tickets to any business that gets in trouble...they are doing what they are supposed to do and that is protect the economy.