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senseandsensibility

(17,198 posts)

12. I heard Jared Bernstein,a spokesperson for the administration I believe,

Tue Aug 6, 2013, 09:57 PM

Aug 2013

say on Martin Bashir's show that he thinks Freddy Mac should be given a bigger role to help low income borrowers. Everybody's not on the same page on this one? As far as I'm concerned, privatization is bad, and of course, I'm far from shocked if Obama is advocating it.

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Obama says it is time to wind down Fannie and Freddie- let private investors have bigger role [View all] cali Aug 2013 OP

Privatizing used to be a GOP thing leftstreet Aug 2013 #1

Obama LWolf Aug 2013 #38

In this case, private lending took the profits and left government (taxpayers) with losses. SharonAnn Aug 2013 #52

How much did the banks get in their bailout? Autumn Aug 2013 #2

enough to continue gaming the market large PowerToThePeople Aug 2013 #6

That's about it. Autumn Aug 2013 #7

NGOs are fraught with moral hazard Bunnahabhain Aug 2013 #3

So only the very rich should have private homes GiaGiovanni Aug 2013 #4

Is that what I said? Bunnahabhain Aug 2013 #11

That seemed to be the implication if you follow the argument to its logical conclusion GiaGiovanni Aug 2013 #20

No, but it is the ultimate outcome. nt kelliekat44 Aug 2013 #29

So you think Bunnahabhain Aug 2013 #33

Is that the type of housing you live in? MotherPetrie Aug 2013 #26

I live in the US Bunnahabhain Aug 2013 #34

ROFL. Didn't think so. MotherPetrie Aug 2013 #36

ROFL. So this negates what I'm saying? Bunnahabhain Aug 2013 #37

Your telling avoidance of the simple word "no" in response to my simple question amused me. MotherPetrie Aug 2013 #41

Your dwelling on non-relevant to the conversation things amuses me Bunnahabhain Aug 2013 #42

Uh-huh. MotherPetrie Aug 2013 #45

Yup Bunnahabhain Aug 2013 #46

ah, I was wonding what would be privatized next. liberal_at_heart Aug 2013 #5

These are ProSense Aug 2013 #8

Sort of. And you know it tkmorris Aug 2013 #19

He was talking about in terms of what these private organizations already engage in. ProSense Aug 2013 #21

The President didn't say... kentuck Aug 2013 #22

They fucked Freddy in our Fannie jberryhill Aug 2013 #27

What a shock. Another bad republican idea being sold by a nominal Democrat. n/t Egalitarian Thug Aug 2013 #9

Our "limited government role" appears to be to bail out the Capitalists after they screw us. Tierra_y_Libertad Aug 2013 #10

Yes and reward them for the great screw job with great Rex Aug 2013 #25

I heard Jared Bernstein,a spokesperson for the administration I believe, senseandsensibility Aug 2013 #12

Fannie and Freddie certainly contributed to the mortgage crisis Trekologer Aug 2013 #13

Actually, they created the moral hazard Bunnahabhain Aug 2013 #14

Whoops, you're right Trekologer Aug 2013 #15

Cheers, mate! Bunnahabhain Aug 2013 #17

Right on! kentuck Aug 2013 #23

He just wants to remove the guarantee of a federal bailout if investors fuck up again. millennialmax Aug 2013 #16

The conservatives must be partying tonight. nm rhett o rick Aug 2013 #24

" limited government role" until they need cash. The President gave us a gift on his birthday. Safetykitten Aug 2013 #18

Obama's speech on home ownership (Tues, Aug 6, 2013) PoliticAverse Aug 2013 #28

like THATS going to help DiverDave Aug 2013 #30

Fannie and Freddie are already private Trekologer Aug 2013 #31

Fannie Mae, at least, isn't a "private" company in the strictest sense HoneychildMooseMoss Aug 2013 #44

That's because the government had to bail them out Trekologer Aug 2013 #56

Excellent, another Republican approved plan Obama is jumping on board with LondonReign2 Aug 2013 #32

The Obama Adminstration has gone off the rails Harmony Blue Aug 2013 #35

As if they ever had rails. Safetykitten Aug 2013 #48

There's a new one every day. woo me with science Aug 2013 #39

Is that a Trojan Horse? n/t ProSense Aug 2013 #40

No, its a trojan bunny. darkangel218 Aug 2013 #54

Good. Fannie and Freddie's risks are borne by the taxpayer, Nye Bevan Aug 2013 #43

Not good. they are not strictly private and the UK is a terrible example to use cali Aug 2013 #49

It's private. Government entities do not trade on the stock market. n/t ProSense Aug 2013 #50

not wholly private. sorry cali Aug 2013 #51

The first link is about the bailout arrangement. ProSense Aug 2013 #53

"U.S. Homeownership Rate Falls to Lowest Since 1995" Nye Bevan Aug 2013 #55

Oh FFS. Maybe I need to burn my Dem registration card cause what I got for my vote isn't a Dem. L0oniX Aug 2013 #47