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why are e going to bail out the two largest subprime lenders?
Why Bail them out after all they got us in this mess with thier dubious lending. Why reward bad behavior?One congressman said today do you reward the kid on the block after he breaks a window by giving him a larger bat? thoughts...(Fannie May Freddie Mac)
Fannie and Freddie are victims of the subprime mess to the extent that subprime loans and their defaults have lowered property values across the board. That has made the good, conservative loans that they guarantee worth less than they should be, at least temporarily. If these organizations were to fail, we'd be looking at the next great depression that would make the current situation look like a party.
Something that everybody is ignoring is that property prices never should have spiraled up like they did. The people who buy in at the high end are the ones getting burned. Why should I as a person who didn't buy get stuck with the bill for paying for the greedy short sighted people?
Something that everybody is ignoring is that property prices never should have spiraled up like they did. The people who buy in at the high end are the ones getting burned. Why should I as a person who didn't buy get stuck with the bill for paying for the greedy short sighted people?
Something that everybody is ignoring is that property prices never should have spiraled up like they did. The people who buy in at the high end are the ones getting burned. Why should I as a person who didn't buy get stuck with the bill for paying for the greedy short sighted people?
yes you might be right im not an economist but i do no they lend in the secondary market(subprime) which is what got them in trouble.In adition from what I understand they are a spuedo private company that pays "0" tax go figure!!
the government does not tinker and prolong the agony thier would be an instant niche for the strong healthy banks. ECON 101
bottom line they were careless, wreckless and greedy!they did not follow strict lending guidlines it is thier own falt! WE SHOULD NOT BAIL THEM OUT. If they fail and the government does not tinker and prolong the agony thier would be an instant niche for the strong healthy banks. ECON 101