Comments on: The Dangers Still Lurking at Freddie and Fannie

By: Barry

Barry — Tue, 09 Sep 2008 18:59:19 +0000

We have a self serving Congress/political class, no party boundries as far as
i am concerned. They refuse to care for our borders and our infrastructure, they are well on their way to bankrupting our social safety net (starting 2017 ), made a mess of the banking and investment houses through legislation passed in 1999/2000 backed by the folks that run the major financial institutions, passed poorly constructed trade deals that transfer manufacturing jobs out of the country and leave us with a financial services industry that creates toxic financial products and distributes them around the planet.

Plain and simple, both political partys are the culprits and each spend three to four hundred million dollars to get elected President so they can CHANGE THINGS. If this is the kind of change you desire, just keep electing thse folks. The only change you will get is the change they leave in your pocket.

By: Annie

Annie — Mon, 08 Sep 2008 20:13:18 +0000

When are you going to publish the congress people who got the largesse from their lobbuists?

Start with Dodd and 5 other prominent democrats getting sweetheart deals from Countrywide and then pushing the bail-outs. Then look at him and Barney Frank holding things up to prolong this particular train wreck, all the while the CEOs of Fannie and Freddie – democrat cronies – getting millions of dollars worth of benefits packages. Google it or search at the Wall Street Journal.

By: ken Kesler

ken Kesler — Mon, 08 Sep 2008 18:44:26 +0000

When are you going to publish the congress people who got the largesse from their lobbuists?

I’ll bet that sjl is right up there since she was always digging in the dirt with the last jerk raines.

By: william mcniff

william mcniff — Mon, 08 Sep 2008 18:05:07 +0000

This mess is what you get when you let the federal government run (guaranty)businesses. You get lack of oversite and more usless regulation. We need to elect folks who will get the govt out of our way and let market forces prevail. Where in the constitution does it say that the treasury department can take taxpayer money and bail out a corporation? Nowhere !

While I am at it I want a return to the “gold” standard. No more “yes Mr. President, I will print more money” by the Secretary of the Treasury. Monetary policy is too important to let politics get involved.

By: Todd

Todd — Mon, 08 Sep 2008 16:11:02 +0000

This isn’t a subprime issue for these two companies. I work for a bank and some of my loans I sold to Freddie Mac were very good loans. I did not dabble in subprime, to me it was too scary to get involved with them. Fannie and Freddie did not buy subprime loans. They have never done that and will not ever do it.

The problem they have now is that when the borrowers obtained these loans they were not paying $4.00 a gallon for gas, nearly $5.00 for a gallon of milk! The cost of living has spiked because of the price of oil. Those were good loans 3 to 5 years ago. The economy that this administration has created is the reason Fannie and Freddie are failing. People cannot afford to live any longer. They have a choice, pay the mortgage or feed our children. At that point, it becomes a no brainer as to where the money goes.