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Fed To Take Over Mortgage Giants

Discussion in 'Political Discussion' started by scout, Sep 5, 2008.

  1. scout

    scout Veteran Starter w/Big Long Term Deal

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    #15 Jersey

    In the largest bailout in the U.S. history, the government will bail out Fanny Mae and Freddie Mac at a cost of tens of billions of dollars to the taxpayers.
    Oh its just another correction in the market, don't be alarmed.
    http://www.msnbc.msn.com/id/26567533
     
  2. PressCoverage

    PressCoverage Banned

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    saw this...

    yes, everything is fine... you know, it's sad... all throughout 2003, '04, '05, '06 and '07, Con men everywhere were insisting the economy was strong, housing market was fine, unemployment rate fantastic... that the economy was the one thing no one could blame Bush for, he's done a "masterful job" with it...

    "You're wrong," we warned them...

    "You don't know what you're talking about, liberal."

    oops...

    Anyhoo... Great news here! ... In the meantime, buy metals, learn horticulture, and own a gun.
     
    Last edited: Sep 5, 2008
  3. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Every day in every way I like you better and better.


    And lest you think I'm joking--I'm not.

    I don't think the bailout is as bad as some might want it to be, but I don't disagree with the basic "buy metals and guns" theme. If anyone runs into a pricing pinch, get in touch--I know people.

    And don't forget that for those guns you'll need a reloading press and bullets and primers and powder....or else a crap load of loaded rounds.


    Me, I prefer to keep my powder dry. Never can tell when some of Patters' pals will take over and I'll need it.
    :p:D
     
  4. TheGodInAGreyHoodie

    TheGodInAGreyHoodie Experienced Starter w/First Big Contract

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    and this is being done by the administration without even vote in congress so of course the democratic controlled house is to blame for this ......
     
  5. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    We don't know for sure this is happening. So I'd advise caution. I bought several hundred shares of Freddie last week.

    Even Cramer tonight at 6 had only heard rumors.


    So...could we be responsible and wait?


    I mean, except for the buying metals and guns bit. I'm always in favor of that!

    Can I recommend Riley's on rte 3 NH for all you Mass guys....
     
  6. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey

    Congress is loving this ... they will technically own your house.
    The beginning of socialism happening right before your very eyes.
    doesn't anyone see why Pelosi is so happy to bail everyone out?
     
  7. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    STOP!



    If you scare me too much I could come out shooting.


    :D
     
  8. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    how can it be socialism is the government does not even own the FED?

    am I wrong? or is gov't lending money to the FED?

    my major question is who makes up the FED and who is making money off the FED????

    why do we pay interest on the national debt and we pay interest to the FED too. it's very bizarre. it's like a giant leech.
     
  9. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    That's why I said wait until the details are announced. Even Cramer at 6PM didn't know details, only rumors.


    So some guy posting rumors a couple of hours after that....


    Even so, it's honestly enough to make me want to spend the weekend loading up, you know what I mean?


    It might be good for the stock market. I don't like it one damn bit.
     
  10. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    it's nothing to get mad about for anyone of us, we're just small pawns in this game and unfortunately the knights are overrunning the pawns.

    we really need to take back our nation

    when it comes down to it.... it's the wealthy controlling the poor. it's been like that for all of recorded history
     
  11. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    You guys know how much I hate this crap. I don't care how much trouble Freddie, Sally and her 4 sisters are in. The problem here is that by bailing them out, some people will actually make huge profits if they just bought stock in these companies. The way to do this is to pay off sharholders the stock price before this news was announced so no one can make $$ off it. Then they can sell new stock like an IPO.

    Same goes with the big-3 auto makers being bailed out. My Uncle & cousin have lost almost everything from bad real estate purchases 3 years ago but they're not getting bailed out. I'm going to buy a house soon, but I won't get any government assistance yet people are crying for money to help those who may lose their house....everything has been turned upside down and up is down and left is right....when will it end?
     
    Last edited: Sep 6, 2008
  12. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    when there is a revolution brother.
     
  13. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    You're right...but at this moment, the power of the most wealthy is peaking. Every bailout of a large corporation helps those holding the most wealth more than anyone else.

    We have bailouts every week and every week, unemployment keeps rising. Do you think these "unemployed" are wealthy folks?:rolleyes:

    If I ever hear another person complain about handouts to the poor, I'll scream. We are witnessing the largest handouts in world history!
     
  14. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    DO NOT EVER PUT ME IN POSITION TO AGREE WITH P_REIGN.



    Good god.



    Yes. Revolution. Jefferson said the tree of liberty must be watered with the blood of patriots (please, someone look up the exact quote, it's pretty close I think)....but yeah, revolution is long overdue.


    If I trusted half of you to show up I'd give you my address---guns and rounds aplenty!
     
  15. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    The sad thing Biggles is the the masses don't understand what's going on...they don't see the massive shift in wealth that is being handed to the wealthiest of this country. They probably believe these bailouts are to help them!

    And then they'll get their pink slip next Friday:cool:
     
  16. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Tell Otis it's ok for us to agree now & then. If we had to fight, I'd still get his back no matter what our differences. Liberty comes first.
     
  17. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Otis says for you to **** yourself. But he appreciates that you believe liberty comes first, so he's saving a favorite .45 for you, if the revolution breaks out.


    :D

    PS., being bored and looking doesn't mean you're off the ignore list. You pinko commie so and so....:D:D
     
  18. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey

  19. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    No matter what you say Otis, I love you!:p
     
  20. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Uh huh....that might be part of your problem, huh?


    meh...whatever. You're cute yourself.

    :p


    You need one more decent post before I take you off ignore though.


    Although, if you've ever seen The Devil's Rejects, I'll take you off right now!



    :D
     
    Last edited: Sep 6, 2008

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