Phantom
John Schnatter 2012
- Joined
- Sep 11, 2009
- Messages
- 638
- Reaction score
- 184
- Gender
- Undisclosed
- Political Leaning
- Progressive
Freddie and Fannie need money because of the recession. Because normally solvent people are not able to make their mortgages. And that all comes back to what the private sector did to get the US into the crapper it is in now.. :2wave:
I agree, lack of regulation caused the problem but what I don't agree with is your solution to the problem. We can't keep throwing money in the hole and pretend things will get better. This bailout will go straight in the corporate elite's pocket, not to the middle class. They will do what they always do... Take the money and run.