Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (146683)	11/11/2008 4:47:12 PM
From: geode00	Read Replies (1) \| Respond to of 173976

"So you think that Fannie and Freddie should have a mandate to shrink the housing market? Where do you get these bizarre questions?" I got it from what you said: "they have a government mandated job of encouraging growth in housing" They have been doing this for several decades without getting into this much trouble. Why do you think that they blew up after 8 years of Bush? You are looking at the wrong problem which means that you have no hope of finding the solution. Again, PRIVATE BANKS have come up against the same financial crisis. Remember AIG, they of the fancy parties and the $150 BILLION in government money? "Not ignoring it at all, just saying that Fannie and Freddie added to the problem." I am saying that the problem isn't that they were created originally as public institutions as it is clear PRIVATE companies are having the same problem. It isn't public versus private that is the problem, it is the problem of gambling and losing.