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Re: fastlizzy post# 147157

Tuesday, 07/12/2011 11:36:43 AM

Tuesday, July 12, 2011 11:36:43 AM

Post# of 483948
Agree, don't we want to reform and reject an economy where the Government, Bush, Obama, or whomever has to rescue banks that have taken on way to much leverage and risk because there was an implicit guarantee from the same Government? Fannie and Freddie being in the Mortgage business backed by Federal Government so the junk loans could be shuffled off to these GSE houses then bundled into Mortgage Backed Securities and sold all over the globe rated as AAA BECAUSE they were backed by the Full Faith and Credit of the good ol USA... Government IN BUSINESS is bad business. SS

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