Take A Load Off Fannie!

[Crewleader]

Trendocracy

Dedicated to discussing the real truth and direction of the financial markets.

Tuesday, July 29, 2008

Take A Load Off Fannie!
Since this is probably the last free quarterly CMR I have been thinking hard about what to write about. I think the Fannie Mae and Freddie Mac issue is one of the most important issues with regards to real estate and the economy that we will see in a long time. I feel a better name for these two fat, bloated, irresponsible and stupid red headed step children that were created by the US Government should be Phony Mae and Fraudy Mac. No I can not take credit for these nicknames.

I ask all of you reading this commentary why the United States government rewards fraud and predatory lending in the form of bailouts when there are no profits and rather huge losses among these financial companies. Where was the outrage when these companies were banking significant profits since 2000? When the oil companies demonstrate significant profits our government wants to tax their gains and investigate. Can you say HYPOCRICY! Government needs to let the capital markets remain free and quit manipulating them!

Here is a snapshot of these two rug rats.

http://trendocracy.blogspot.com/2008/07/take-load-off-fannie.html?

[madeline_con]

1. And put the load right on me!

Good one! :hi:

[spag68]

2. Personally, I see nothing wrong

with taxing bloated, fraudulent oil companies. I also see nothing wrong with a govt. agency that helps working class people get into homes. That said fraud is fraud and when you see more white collar criminals going to jail, instead of getting a slap on the wrist and a laughable fine, you will then see less fraud. Don't give me that free market crap, You can't convince me that there is not something wrong with wealthy people manipulating the market to their advantage. Call it class warfare if you want, but there is a long history of corporate fat cats making war on workers to the advantage of wealth. Homestead steelworkers murdered by USS Pinkertons to the idiot coal mine owner, I could give you a hundred examples, but you seem to want to forgive the oil companies, so your opinion will not impress me and you will ignore me, so only deadlock is possible.