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by Judgenot from Texas

Last Post 6 hours Ago


I Say We Kill Them Both!
Sep 8, 2008 | 3:07 PM
Category: News
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I’m sick of paying for corporate mismanagement and abuses.

 

I’m afraid that the Fannie-Freddie rescue effort will make more bailouts inevitable by sending a message that some institutions are too big to fail and thus encouraging risky behavior it’s pathetic to watch the United States financial system, supposedly the envy of the world, being taken to its knees.  

  But that's we're seeing, brought to you by regulators, and greedy bank executives and incompetent corporate directors. Both companies were placed into a government conservatorship that will be run by the Federal Housing Finance Agency, the new agency created by Congress this summer to regulate Fannie and Freddie.

  We as Taxpayers shouldn’t to be left holding defaulted mortgages while executives who presided over balance sheet implosions walked away with millions. Knowledgeable analysts sent a message that it is time for Fannie and Freddie to go. Meanwhile, Fannie Mae has reshuffled its management.  

   I don’t understand much how it all works and I’m sure if the majority of the public did understand the public would want heads to fly but for now we can just be assured that there is a safety pin holding things together and tomorrow is another day.

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Member Comments Total Comments: 8
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mathman read my blog view my photos
Sep 9, 2008 | 6:49 PM

Weren't these institutions instituted by Congress? And now they are going to "fix" them? Yes...we are fools. You are correct. Let them die. A good depression will get people back to thinking about the things in life that are important.
CRYSTALCHRIS read my blog
Sep 10, 2008 | 4:09 AM

I dont think you need to say it that bluntly a lot of ppl 13 and up hear kill them even i may feel that way i can rephrase it chris
CRYSTALCHRIS read my blog
Sep 10, 2008 | 4:10 AM

SORRY MY FRIEND I THOUGH YOU MEANT THE MAN IN POLICE CUSTODY AND FIRE MEN FOR PORNO GOOD STORY AGAIN PLEASEE FORGIV ME CHRIS
Judgenot read my blog view my photos
Sep 10, 2008 | 7:54 AM

Good point mathman that would be the same congress with an 18% approval rating or less by now. OUCH! That’s cool crystal I'm guilty of the same thing.
westdil read my blog view my photos
Sep 10, 2008 | 9:17 AM

We are on the verge of a world-wide financial collapse. Is any one paying attention to the billions of investment dollars from foreign countries. Our wealth is flowing overseas and creating a wonderful middle class in Brazil, Russia, India, and China. Does anyone care? Corporations like Walmart, Home Depot and KFC are making money overseas from the global economy. The Treasury is being run by wall street insiders like Hank Paulson who must have known about the mortgage-backed-security bubble. Congress is being led on financial issues by Barney Franks (what the Hell is he saying) and Chris Dodd. President Bush: Well, he is on top of Iraq and predicts victory there before his hair turns totally grey.
Judgenot read my blog view my photos
Sep 10, 2008 | 10:04 AM

Wes. I do understand the bailout, but it’s not a given, it will help and I understand a economy collapse. God help those who are not prepared, I suggest family’s stay close pull together, no one is immune to this rich or poor. I also understand we need a collapse and the Genesis of a new Government.
Brer-Rabbit read my blog
Sep 12, 2008 | 11:50 AM

I'm just glad our Republican government does not believe in "income redistribution" and allows our "free markets" to run their course.

Now, if we can just get rid of those pesky socialist institutions like the Police Forces, Fire departments, public schools and the Federal highway programs, we will be SET!
Hello2U read my blog
Oct 19, 2008 | 8:42 PM

Sec of the Treasurey Paulson, went before Congressional meetings, several times to request these types of loans. He "insisted" that there be no regulation. He insisted on no regulation on the bail out monies as well.

Congress (both parties) failed us. Now Paulson holds not just our taxes but those of our children & grandchildren. In the end we, who are law abiding citizens, have become slaves to the wealthy & the social engineers.
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Judgenot

I've been in Texas most of my life,I love all Texas has to offer,Lakes ,Oceans,And lots to see.

Member Since: 1/29/2007


 

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