Fannie Mae another bail out ????

Discussion in 'Politics' started by Lovebears65, Nov 9, 2011.

  1. Lovebears65
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    Lovebears65 Gold Member

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    Fannie Mae loss widens, asks taxpayers for $7.8B


    So yet again since we did not use Freddie or Fannie we get screwed since we were responds able and knew what we could afford. Way below on what they said we could like almost triple they offered but nope we bought a house that that was enough for us. The mortgage was reasonable and yeah we can afford it and pay an extra payment a month so we will have it paid off in 15 years instead of 30:eusa_whistle:
     
  2. KissMy
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    KissMy Free Breast Exam

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    Freddie Mac also needs $6+ Billion
     
  3. whitehall
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    whitehall Gold Member

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    For the life of me I can't understand why there is no congressional investigation into the corruption and collapse of Fannie Mae. Maybe both parties were involved and they agree not to open a can 'o worms. Barney Frank was banking chair(person) when Fannie went under and in an uncharacteristic burst of honesty he confessed that he had "ideological blinders on" when he told Americans that Fannie was solvent while it was on the verge of collapse and did collapse under his watch. Obama financial advisor Frank Raines was a Fannie CEO and it is alleged that he cooked the books to show a fake profit tied to his yearly bonus and walked away with 90 Million dollars for three years work.
     
  4. LordBrownTrout
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    LordBrownTrout Gold Member

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    How would you like Fannie and Freddie running your bank account?
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I think its about time we stop throwing money we dont have into this vaccum.
     
  6. LordBrownTrout
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    LordBrownTrout Gold Member

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    Such harsh words. Fannie and Freddie are the hallmarks of government induced efficiency.
     
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  7. KissMy
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    Federal regulators just approved $13 million in bonuses to 10 employees at Fannie Mae & Freddie Mac. We are paying 10 people about $1.3 million in bonuses each to lose us $14 Billion last quarter.

    How the hell could we let this happen? We need to march on DC.
     
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  8. LordBrownTrout
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    LordBrownTrout Gold Member

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    Has the occupation occurred at Fannie and Freddie yet?
     
  9. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I also think that if any executives should be prosecuted, the ones in charge of Fannie and Freddie should be them.
     
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  10. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Why would they occupy Democrat special interests?
     

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