What does everyone think of this Freddie Mac and Fannie May bailout?

Question

What does everyone think of this Freddie Mac and Fannie May bailout?

Answer 1

They have to bail them out or see the US fiscal system fail.  But they should never have been allowed to get this big.  Here's an article that explains it all.

http://www.findingdulcinea.com/news/busi...

Answer 2

The government should not help them out just because they decided to buy/make a bunch of bad loans.  Just like this whole bill going through to save homeowners from foreclosure... I don't understand why the government feels responsible for bad decisions, bad investments, and bad management.

People need to stop relying on the government to save them or the national debt will go up to a number that mathematicians haven't even created yet.

Answer 3

I just read that the bailout is just rumors.  Poor business practices should not be covered with taxpayers money.

Answer 4

Those few of us that actually can see how the whole cookie is crumbling are just sitting back and laughing(seriously what else can you do?)  Bernanke is a hypocrite, I recall a statement about how some financials will have to just fail, but they bailed out Bear Stearns and now these 2 losers.  Look at the people running the country, when you voted the second time for Bush I believe you deserve any financial ruin you came across. Stupid deserves as stupid does.