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Fed to take over mortgage giants ?

by grimgraphix / September 6, 2008 1:19 AM PDT

WASHINGTON - The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend 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, a person briefed on the matter said Friday night.

... the intervention, could cost taxpayers billions...


I have yet to see any free marketeer demanding that the government stay out of this situation... I have yet to see any conservatives complain about government interference in business or the prospect of spending billions of dollars in tax payer money. Maybe they are saving up all the protests for tomorrow's news casts.
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YAWN !!!
by critic411 / September 6, 2008 1:24 AM PDT

Just for you, on behalf of all fiscal Conservatives in the known universe I do hereby formally complain that we do not like this.

Happy now?

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I have yet to see any free marketeer demanding...
by EdHannigan / September 6, 2008 2:19 AM PDT
that the government stay out of this situation...

Then you haven't watched any of the Financial shows on CNBC or Fox or other places.
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The lesson was easy.
by R. Proffitt Forum moderator / September 6, 2008 2:37 AM PDT

If you were paying attention. "Don't hold FRE or FNM over any weekend."
Bob

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