Another Government Bail Out

BAIL OUT, BAIL OUT . . .

The government is expected to take over Fannie Mae and Freddie Mac in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt.

Freddie and Fannie are private companies the government is again bailing out. Banks saw their stocks sink and worry they could be swept up in the turmoil surrounding the mortgage finance giants.

Preferred Stock Holders (China & Japan) want to be made "Hold". Preferred and Non Preferred Stock Holders should take equal loss in this acquisition since everyone who pays taxes is stuck with the tab including me, you, our children and grandchildren! Here is another "Bal Out" of a private company we wind up paying for.

We are hurting across the board. Job losses recorded so far this year is 605,000. Statistics are even greater because there are those trying to find employment and given up because (1) there are no jobs in the market place (2) those unemployable due to a variety of personal circumstances are not counted (3) Some of those working are "under paid".

 Since 2006 there are 282 major US lending operations that have imploded. The stock market fear more "Hedge Fund" collapse and those employees are too "out of work". A cross section of individuals and corporations (including builders) are filing for bankruptcy.

American's are all broke. There are "Two Classes" (1) The Have and (2) The Have Not.  (No More Middle Class) The Middle Class Is "suppose" to be the back bond of America!

Why won't the government bail out "Us" American's?