Replies to post #66188 on Fannie Mae-No Politics (FNMA)

[~ NT ~]

I wish to say more, but may be off-topic here.

Famous quote

Give a man a gun and he'll rob a bank. Give a man a bank and he'll rob the world

The banks always win. They sell false securities (besides the loans to the those who can't pay back) and cause the panic leading to the recession. They lose first. But wait - the govt bails them out. They get free money which they lend out on interest. Buy houses cheaper and sell on the way up. It was made to look like FnF's fault, which it wasn't. Much much more - - endless discussion.

Wealth accumulation from the poor guy to the rich guy.

I am in AB, Canada sitting on oil reserve - not much to worry here. But things need to shape up man. Times are tough. I wish you guys well.