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News Link • Economy - Economics USA

House OKs taxpayer bailout for Freddie, Fannie mortgage lenders

• AP

1 Comments in Response to

Comment by Powell Gammill
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It is important to realize Fannie and Freddie are not strapped for cash, they are the holders of homes that are in default on payments. So in effect, the government -- your CONgressman -- is putting a gun to your head, robbing your earnings and passing it to these bad mortgage lenders to delay their inevitable foreclosures and taking back **QQ**their**QQ** houses. You are missing a bit more of your labor. Fannie and Freddie have a bit more of your labor. And in the end Fannie and Freddie -- who are actually the government -- have a whole pile of houses (property) back in their grasp. Bank robberies don**Q**t get any more pretty or well planned out than this --- sssssssssuckers!!!!

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