General Discussion

ProSense

(116,464 posts)

9. I think

Tue Aug 6, 2013, 09:48 PM

Aug 2013

I'm not sure anyone understands your post.

Fannie and Freddie wanted to make money off mortgages just like the big banks. Except they knew they were protected and guaranteed by the taxpayers. They bought up the bad mortgages of the big banks. That is where their debt came from. It was a win-win for the banks and a lose-lose for the taxpayers. This does absolutely nothing if the big banks are still protected by the taxpayers. Nothing has changed. It is a scam.

...people can understand it. Your explanation of it ignores that the point is to end the bailouts of two private entities and to return the function of government-insured mortgages to a public agency. That was the original intent of Fannie before it was privatized in 1968.

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I'm not sure anyone understands your post. kentuck Aug 2013 #7

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Two Words Bunnahabhain Aug 2013 #11

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K&R....Yes we do. zeemike Aug 2013 #19

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Ditto! Dustlawyer Aug 2013 #27

Sad but true... farmbo Aug 2013 #37

. blkmusclmachine Aug 2013 #21

It really is as simple as you say. crim son Aug 2013 #25

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**********GET A PROGRESSIVE CONGRESS!!!********* uponit7771 Aug 2013 #33

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You should make this an OP. No hyperbole, no irrational hatred, just facts. nomorenomore08 Aug 2013 #36

Same question was asked during chervilant Aug 2013 #38

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one little problem! Chaco Dundee Aug 2013 #40

Right! kentuck Aug 2013 #41

I am with you Chaco Dundee Aug 2013 #47

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nobody can go it alone. Chaco Dundee Aug 2013 #48