Good grief, I missed that. I guess they didn't learn anything from the massive FNM/FRE fraud that is still being uncovered or from the 1990 S & L meltdown. They should be putting Fannie and Freddie on their own and cutting the cord from the Treasury. Instead, they are putting the government on the hook for even more gargantuan bailouts when these two retirement homes for out of work political hacks inevitably blow up. Ron Paul, we need you stat.
oh but that is money well spent (albeit before its earned) too freakin funny your BOTH part(y) of the PROBLEM. selfish disingenuous idiots
Oh they learned. Remember that folks noticed the S&Ls were in trouble, so they raised FSLIC coverage by some amazing level, thus making a small mess even bigger. And don't forget our buddy McCain was one of the Keating Five. Over a hundred billion 1980 dollars down the tubes, and one of the helpful senators might well be the GOP presidential nominee. They learned all right. They learned that Americans will ignore government spending with vapor trails of zeroes behind them. So why not do it again? We get the government we deserve in the end.
What happened to "timely, targeted and temporary?" Bush is not being well-served by his Fed Chairman, his Treasury Secretary or his political advisors. On the other hand, he appointed them and, unlike most of us, seems to think they are doing a good job. I can see some tenuous justification for carefully limited mortgage assistance, even though that wouldn't be my position. Just giving away small sums of money to everyone has no rational justification.
Just to be fair and balanced, lest we forget: NEIL BUSH. In 1990, federal regulators filed a $200-million lawsuit against Neil Bush and other officers of the Silverado Banking, accusing them of âgross negligenceâ contributing to its $1 billion collapse.1 âOur conclusion is that Silverado was the victim of sophisticated schemes and abuses by insiders and of gross negligence by its directors and outside professionals,â FDIC Senior Deputy General Counsel Douglas H. Jones said in a statement.2 http://www.campaignwatch.org/more1.htm#neil c
"Good grief, I missed that. I guess they didn't learn anything from the massive FNM/FRE fraud that is still being uncovered or from the 1990 S & L meltdown. " they learned al ther is for them to know heads they win tails you lose heeey, wasnt mccain one of the keating 5?
"Republicans Screw Supporters Again" fuck the supporters, it's the American public that is getting screwed, that my friends is the problem. The supporters deserve to be screwed for supporting the liars, crooks and cowards.