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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (229088)	8/10/2013 9:52:37 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 543579

"We can't, I would think, keep calling on the taxpayers to bail out Fannie and Freddie to the tune of 190 billion dollars every time the economy goes in the tank" We can do it forever, as long as we turn profits which help us balance the budget. (But, we shouldn't have to, and won't, as long as Dems keep running the economy :>). Taxpayers may soon profit on Fannie, Freddie bailoutsBy Chris Isidore @CNNMoney August 8, 2013: 1:24 PM ET money.cnn.com Now, if we took those profits and invested them in green energy,....

To: Bread Upon The Water who wrote (229088)

8/10/2013 12:43:22 PM

From: koan

Read Replies (1) | Respond to of 543579

How much have we given to the banks?

<<

The banks need to be brought under control. If we start fiddling with Fannie and Freddie their zillion lobbyists will come in and make sure they get the lions share of the changes in profits.

We can't, I would think, keep calling on the taxpayers to bail out Fannie and Freddie to the tune of 190 billion dollars every time the economy goes in the tank (and realistically address the deficits in our other entitlement programs). Yes, they have paid 130 billion of it back, but going forward we need to at least tweak the model to get to the "sweet spot" of lending. Tough enough to verifiy--easy enough to get a loan for working folks.