Replies to post #201482 on Fannie Mae-No Politics (FNMA)

[ElBabalo]

No they did not need that amount of a bailout, maybe 40 Billion for both at most. Damn, really want this off the OTC, what's it gonna take? Revolt & Revolution come to mind.

[mikoli007]

Wasn't is Warner who said if wasn't for the bail out FnF wouldn't be making all these profits and implied that shares holders don't deserve them and they should all go to the government?

[chalmer]

I've been saying all along the problem was the gov, Fed & it's member banks. Go back and read my stuff.

Now that we are discussing that, I enter into the discussion some other questions for thought.

Since the gov borrowed all that money on the back of the people why is it that the people didn't own those banks and for that matter still don't. Okay, now that the gov got paid back from all those banks, where did all that money go? It went into the national debt because they spent it all. Did they return it in the form of tax credits. Hell no, Is there a name for that? I say it's called the Big Gov Swindle. That show's how much we do need to regulate. The problem is we need to regulate government & get rid of the unconstitutional central private bank called the Federal Reserve and it's member banks. Maybe Clinton can come back and reinstate the Glass-Stegall act that led to our demise.