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Should Fannie and Freddie be Bailed Out?
Just Like the boy whocreid wolf, banks and investmetn firms are crying "Baiolout!" and they are crying loudly. The Fed is listening, and instead of asking "Why jump?," whne the banks tell them to do so, is saying, "HOW HIGH?" the truth is this jump call, isn' tjust being made by Fannie Mae. It's "kissin' cousin"
Freddie Mac  who seems no less bent on getting some of that "free" Treasury money. Yep, the Fed, which is not a government entity, but a private banking corporation is behaving like United Airlines, and Bear Stearns Who now have their platinum parachute firmly and warmly wrapped around them. Chuck Grassley (R) IA said on the news today that the fear he had was moral hazard. With all of the chanting about chnage in politics today, what we are seeing is change... in our financial markets and structures that is causing changes in the real estate markets. The public is being affected that Sellers aren't getting what they hope for when they sell, and buyers are able to get a bargain, but qualifying for the loan is harder these days.  who is reasponsible for a lot of these issues?
Countrywide home Loans, and its sub prime ... more

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