financial crisis 1010 Responses

Last post: 2 months, 4 weeks ago | Thread started: Sep 5, 08, 6:18 p.m.

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• ukit

  http://nytimes.com/

  Government Preparing Plan to Seize Fannie Mae and Freddie Mac, Officials Say

  Sep 5, 08, 6:18 p.m. – Permalink

• sublocked

  pwned

  

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  Dog-earSep 5, 08, 6:18 p.m. – Permalink

• dog_opus

  This subprime mortgage debacle is seriously effing things up, and it's disgraceful that the Feds didn't keep an eye on how things were shaping up over the last fifteen years or so.

  • that's what rampant deregulation gets you! hooray for free markets!– spifflink1/2

    Privatize reward, socialize risk.– TheBlueOne2/2

  

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  Dog-earSep 5, 08, 6:21 p.m. – Permalink

• ukit

  Notice how they dump the news on Friday evening. They want a few days to build confidence before the markets can react.

  

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  Dog-earSep 5, 08, 6:27 p.m. – Permalink

• utopian2

  Thank you Federal Government for another failure of the Bush/McCain administration.

  • The subprime problem has been building steam since the 80s. This is an equal opportunity calamity.– dog_opus1/4

    lol@ Bush/McCain Was that intended?– dog_opus2/4

    it was equal opportunity. clinton was a crazy financial right winger who made deals all the time with GOP congress– spifflink3/4

    Building since the 80's? I think not.– TheBlueOne4/4

  

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  Dog-earSep 5, 08, 6:27 p.m. – Permalink

• johndiggity

  actually democratically controlled congress has repeatedly shot down regulation of government sponsored enterprises, such as freddie and fannie in order to "make housing more affordable". well they succeeded with that i suppose.

  luckily bush signed into law a bill that mandates these gse's are regulated not as public housing institutions (as the democrats pushed for) but rather as what they really are: financial institutions.

  of course few here care to get the facts straight and find out why this is happening. it is much more in vogue to jump on the bandwagon...

  • Exactly. Our do-nothing Congress has been consistently giving us the shaft for quite some time now.– dog_opus1/6

    Giving us the shaft on any number of issues, really.– dog_opus2/6

    but it was three republican congressman that penned the gramm leach bliley financial services modernization act that enabled this whole mess to begin with– acescence3/6

    ...enabled this whole mess to begin with– acescence4/6

    of course you don't care to get your facts straight either– acescence5/6

    but it was that tool clinton that signed it *shakes fist– acescence6/6

  

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  Dog-earSep 5, 08, 6:43 p.m. – Permalink

• OSFA

  How 'bout they seize and close freakin Sallie Mae!!! THAT would help everyone...

  

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  Dog-earSep 5, 08, 6:45 p.m. – Permalink

• formed

  I'll vote for that! Now there would be a real financial boost to the economy. I'd go buy me a Porsche, I think.

  

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  Dog-earSep 5, 08, 7:18 p.m. – Permalink

• acescence

  i think we're supposed to keep this in the politics thread. i live in fear of qbn retribution

  

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  Dog-earSep 5, 08, 7:25 p.m. – Permalink

• ukit

  Thread wasn't supposed to be about politics

  • Yup, and again, I think it kind of encompasses (and therefore transcends) all party lines.– dog_opus

  

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  Dog-earSep 5, 08, 7:30 p.m. – Permalink

• epete22

  well ya, all the foriegn investors are like you better do something so we dont lose out money

  

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  Dog-earSep 5, 08, 11:23 p.m. – Permalink