Speakeasy forum

General discussion

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.
Discussion is locked
You are posting a reply to: Fed to take over mortgage giants ?
The posting of advertisements, profanity, or personal attacks is prohibited. Please refer to our CNET Forums policies for details. All submitted content is subject to our Terms of Use.
Track this discussion and email me when there are updates

If you're asking for technical help, please be sure to include all your system info, including operating system, model number, and any other specifics related to the problem. Also please exercise your best judgment when posting in the forums--revealing personal information such as your e-mail address, telephone number, and address is not recommended.

You are reporting the following post: Fed to take over mortgage giants ?
This post has been flagged and will be reviewed by our staff. Thank you for helping us maintain CNET's great community.
Sorry, there was a problem flagging this post. Please try again now or at a later time.
If you believe this post is offensive or violates the CNET Forums' Usage policies, you can report it below (this will not automatically remove the post). Once reported, our moderators will be notified and the post will be reviewed.
Collapse -
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?

Collapse -
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.
Collapse -
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

Popular Forums
icon
Computer Help 51,912 discussions
icon
Computer Newbies 10,498 discussions
icon
Laptops 20,411 discussions
icon
Security 30,882 discussions
icon
TVs & Home Theaters 21,253 discussions
icon
Windows 10 1,672 discussions
icon
Phones 16,494 discussions
icon
Windows 7 7,855 discussions
icon
Networking & Wireless 15,504 discussions

REVIEW

Meet the drop-resistant Moto Z2 Force

The Moto Z2 Force is really thin, with a fast processor and great battery life. It can survive drops without shattering.