Fed estimates $25Billion for bailing out Freddie Mae etc.

[zbdent]

now, this is to help out the lower income people right?

And the "conservatives" will say we don't have that to spare to bail out FM ...

but then, the one which started this out, Bear Stearns (sp) was bailed out at a moment's notice by the Fed to a tune of $30Billion or so ... and that started the spiral the economy is in now ... and how many "little people"/low-income people did that help?

[soothsayer]

1. Bear didn't get bailed out---THAT was a hostile takeover by the Fed and JP Morgan.