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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: geode00 who wrote (146929)11/12/2008 4:33:41 PM
From: TimF  Read Replies (1) of 173976
 
Fannie and Freddie have been private companies for some 40 years IIRC.

Private companies with government backing, and politically control. They may have had (before they where nationalized) a private corporate structure, but they where not really private companies when the government is controlling their strategy and agenda, and when the government is backing the company.

If you can't defend your use of the term 'preferential treatment' in the face of 15% tax rates for hedge fund managers then why don't you admit it.

15% tax rates for hedge fund managers is an entirely separate issue. Even if you assume that its the most horrible injustice in all of human history, it has no relevance to the problems caused by the distorted incentives the government created in the real estate and mortgage markets. Finding something else that you see as wrong, or unwise, doesn't all of the sudden make the governments other mistakes OK, reasonable, or something that has no negative effect.
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