Govt. Bailing Out FNM, FRE --PROTEST!

[llepard]

The Government is bailing out Fannie Mae and Freddie Mac.

This is an outrage. Taxpayers paying for Government mistakes.

Franklin Raines the former CEO of Fannie Mae made $100 million on stock options by cooking the Fannie Mae books. He goes scott free, we pay the bill.

PLEASE, PLEASE, PLEASE write or call your congressman and senators and tell them this is an outrage!

It creates inflation. THE GOVERNMENT IS BROKEN.

Here is the link for Representatives.

https://forms.house.gov/wyr/welcome.shtml

Point out that it is actions like this that are causing us to pay $4.20 for gasoline.

I have also written an article on our unfair monetary policy.

A link to it is here.

http://www.thefreedomrevolution.com/component/content/article/6-articles/17-unfair-monetary-policy

 

[scar]

It doesn't matter. They'll do what they want regardless if we protest or not.

My advice would to be to just start getting prepared..

 

[Kludge]

Defeatism FTL.

 

[SnappleLlama]

The Government is bailing out Fannie Mae and Freddie Mac.

This is an outrage. Taxpayers paying for Government mistakes.

Franklin Raines the former CEO of Fannie Mae made $100 million on stock options by cooking the Fannie Mae books. He goes scott free, we pay the bill.

PLEASE, PLEASE, PLEASE write or call your congressman and senators and tell them this is an outrage!

It creates inflation. THE GOVERNMENT IS BROKEN.

Here is the link for Representatives.

https://forms.house.gov/wyr/welcome.shtml

Point out that it is actions like this that are causing us to pay $4.20 for gasoline.

I have also written an article on our unfair monetary policy.

A link to it is here.

http://www.thefreedomrevolution.com/component/content/article/6-articles/17-unfair-monetary-policy

Hey! Would you mind if we used your letter for the Letters of the Revoltion project? We're trying to amass a significant number of letters and other writings related to the Revolution (check it out here: http://www.myspace.com/LettersotRevolution). We're trying to have everything published, and send all of the proceeds to a yet-to-be-determined organization, such as the CFL. This is entirely non-profit. In any case, thanks for the link!

 

[constituent]

snapplelama


"invalid friend id"

 

[constituent]

This is entirely non-profit.

commie.

 

[speciallyblend]

grab your ky and enjoy.

 

[SnappleLlama]

snapplelama


"invalid friend id"

ROFL! Thanks! I just edited the URL...I blame my lack of coffee!

*rushes off to refill mug*

 

[Jeremy]

It doesn't matter. They'll do what they want regardless if we protest or not.

My advice would to be to just start getting prepared..

Don't be silly. A protest shows other people that there is a problem with it. It educates other people and makes them think the next time the government does something.

 

[Drknows]

the economic collapse is coming sooner than we think. I don't know how they plan to pay for it we have no money. Expect prices to rise as the dollar falls even more.

Even though gas has went up we havent really felt the impact yet .

I predict stocks falling faster in the following months. And if we end up in another war overseas it will be a depression for sure.

 

[acptulsa]

*rushes off to refill mug*

If I can rush off I don't need more. If I can rush off it usually means I've had enough and I'm headed to expel the stuff.

But I'm no threadjacker. I promise. Once, FRE and FRM were bureaucracies. Then they decided it would be fun to privatize the profits while still subsidizing the losses. They like that.

Just another chance to rig the game for the rich and further seperate the rich/poor strata.

 

[Kalifornia]

sounds to me like its a good time to buy.

 

[llepard]

sounds to me like its a good time to buy.

I wouldn't recommend it. They are both practically bankrupt. Now the government may preserve some equity value, but for what it is worth I am short both of them in size. I think they are donuts.

L

 

[mczerone]

grab your ky and enjoy.

Send a bottle to your congressman.

"I would appreciate that you use a little lube if you want to continue to ram us in that hole."

 

[mczerone]

If I can rush off I don't need more. If I can rush off it usually means I've had enough and I'm headed to expel the stuff.

But I'm no threadjacker. I promise. Once, FRE and FRM were bureaucracies. Then they decided it would be fun to privatize the profits while still subsidizing the losses. They like that.

Just another chance to rig the game for the rich and further seperate the rich/poor strata.

But Fran/Fred are "too big to fail." We can't let the losses actually hurt any bank, lets instead absorb those losses into our socialist government. Wait, what?

Its not about the "rich/poor strata" to the people. They are so far beyond "rich" that it doesn't matter to them about how wealth is distributed, just as long as they can keep making money off of other people's money, without having to do any honest work. And keep their circle of powerful friends to reinforce this horrible behavior.

 

[mczerone]

I wouldn't recommend it. They are both practically bankrupt. Now the government may preserve some equity value, but for what it is worth I am short both of them in size. I think they are donuts.

L

with other "bailouts" as a guide, there should be a small rebound now that investors "are confident Fran/Fred are stable", probably back up to 50% more than the low. After that the price shall drop consistently until the remaining stock is worthless.

 

[jarofclay]

Sent a letter to my rep. Bump this.

 

[Kalifornia]

I wouldn't recommend it. They are both practically bankrupt. Now the government may preserve some equity value, but for what it is worth I am short both of them in size. I think they are donuts.

L

Im okay with that. I don't ever buy a stock that isn't in trouble, really. most times they recover. I feel sorry for those who bought at 50 though...

I suppose if I was sophisticated enough Id work both sides of this depending on the time frame.

I prefer to bargainn shop and hold though. mostly because im lazy.

 

[Melissa]

Ok I don't write my congressmen unless I understand what I am writing them about.

Now with that said I understand a small bit of economics or trying to .... Just read Hayek book Economics in one Easy lesson but that is a far as I have got I really want to learn this subject so if someone wants to help so I can send my congressmen a letter that I will understand why this is bad besides the obvious that they would not bail me out so it is not fair in a free market.

 

[nobody's_hero]

I don't really understand the whole situation either.

I did notice, in IndyMac's case, that the federal government's new definition of a "bail out" is to send the FDIC in to take over everything. IndyMac Federal Bank.

If the banks are going under as a result of poor financial decisions (loaning out to bad clients), and the FDIC steps in, that's bad. "Bail outs" are unconstitutional.

If the banks start to go under because the federal government is playing a very large role in destroying the value of our currency, and the FDIC steps in, that's really, really bad.

If they really want to discourage me from saving my money, let the establishment start talking about government run banks the way they talk about government-managed healthcare.