It helps to have the most basic concept of wtf you are posting abt befoe you actually post.
Forget to post which whackjob source provided you with that idiotic misrepresentation?
Your liberal scumbags are 100% in charge of Freddie and Fannie,
hilarious! Why did they leave out gov't chartered and OPERATED?
The US government is the single largest mortgage lender in the world.
Please explain how the gov't can possibly take over something they already control?
They mean takeover from the corrupt POS liberal scumbag beaurocrats already in charge.
McCain wants to make the public shareholders of this gov't run and obviously mis run entity whole.
These are mostly state pension funds, insurance companies and others who until this regime took over considered Fannie and Freddie amongst the safe harbor investments, afterall the US gov't is behind the place.
See the thread title? Socialism failure, take private funds and have 100% gov't control.
The idiotic post as if they are going to take this over from the private sector is hilarious,
how about they want to make investors whole from the incredible malfeasance of your liberal scumbags in charge?
Pretty stupid-Bill Gross stopped trading on US bonds because he wants the gov't to take over a private enterprise? Try actually putting 2 and 2 together before hitting that google search funtion. How abt he knew the incredible gov't corruption there and wanted someone to be accountable?
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But McCain said the temporary takeover should not be a blank check to the executives who were paid massive salaries while they mismanaged the mortgage giants.
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These are your liberal scumbag beaurocrats. referenced here.
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At Fannie and Freddie the gov't administraters thought they were Bill Gross,
lavished themselves with huge pay packages, big time fringe benefits like 2% loans for them and everyone they know et al,
you can bank on no one being terminated there.
Although a gov't entity for the most part, the brass thought they were in charge of their own private hedge fund, with administrative costs on loans costing 6 times as much as in the private sector.
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