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Muttocracy (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:33 PM Original message |
Fannie Mae, Freddie Mac to be Put Under Federal Control, Sources Say |
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Aqaba (781 posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:34 PM Response to Original message |
1. TAXPAYER BAILOUT INC. |
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avaistheone1 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:58 PM Response to Reply #1 |
11. then the taxpayers should own it. |
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Aqaba (781 posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:58 PM Response to Reply #11 |
12. Oh we will, it will add enormously to our debt |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 08:15 AM Response to Reply #12 |
48. I don't think so. Protecting "Preferred Shareholders" means protecting, essentially, banks: |
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BearSquirrel2 (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 11:31 AM Response to Reply #1 |
57. The investors should lose their shirt and the companies should be divided .... |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 09:11 PM Response to Reply #57 |
61. Excellent Post! |
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Thothmes (1000+ posts) Send PM | Profile | Ignore | Sun Sep-07-08 10:19 AM Response to Reply #57 |
65. How many millions of shares of these stocks |
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harun (1000+ posts) Send PM | Profile | Ignore | Mon Sep-08-08 06:54 AM Response to Reply #65 |
70. Pension money should not be in investments that risky (n/t) |
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Thothmes (1000+ posts) Send PM | Profile | Ignore | Mon Sep-08-08 07:07 AM Response to Reply #70 |
72. I fully agree, but up to a couple of years ago |
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Captain Hilts (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:34 PM Response to Original message |
2. Let's see what happens to those huge salaries and luxury cafeterias. |
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Prefer (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:35 PM Response to Original message |
3. why not the oil industry too |
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harun (1000+ posts) Send PM | Profile | Ignore | Mon Sep-08-08 06:55 AM Response to Reply #3 |
71. And Healthcare. |
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Kittycat (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:35 PM Response to Original message |
4. NYT link with summary |
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Muttocracy (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:37 PM Response to Reply #4 |
6. thanks, more sources is always better. So much for that fundamentally sound economy. nt |
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Mojorabbit (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 09:53 PM Response to Reply #4 |
23. Funny |
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jhain (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:36 PM Response to Original message |
5. shit |
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Benevolent (19 posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:42 PM Response to Original message |
7. Why don't they bail ME out |
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Muttocracy (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:46 PM Response to Reply #7 |
8. apparently we get to wait for the invisible hand of the free market |
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not fooled (553 posts) Send PM | Profile | Ignore | Sat Sep-06-08 01:13 AM Response to Reply #8 |
31. The free hand of the market... |
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central scrutinizer (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 08:39 PM Response to Reply #7 |
60. because you are not "too big to fail" so quit whining |
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Muttocracy (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:51 PM Response to Original message |
9. Another thread on Friday night bank failure: |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 08:55 PM Response to Original message |
10. So they are going to cave to the Chinese demands and make us pay the tab. |
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Pale Blue Dot (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 09:00 PM Response to Original message |
13. Goodbye, America |
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marmar (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 09:01 PM Response to Original message |
14. Here's the link to a Bloomberg story about it: |
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Muttocracy (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 09:06 PM Response to Reply #14 |
17. thanks - that one says they'll brief Obama and I have a ?... |
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Yavin4 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 10:10 PM Response to Reply #17 |
26. Who's Going to Brief Sarah Palin? |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 08:44 AM Response to Reply #17 |
50. Short answer: The ordinary Jane and Joe, via the open-to-the-public |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 08:41 AM Response to Reply #14 |
49. Thanks. I'd also like to comment: |
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OhioChick (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 09:02 PM Response to Original message |
15. K&R |
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HughBeaumont (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 09:03 PM Response to Original message |
16. SIIIIIIGGGGHHHH . .. . . . . |
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RUMMYisFROSTED (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 09:26 PM Response to Reply #16 |
18. Classic TT. |
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cottonseed (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 09:28 PM Response to Original message |
19. This is the "socializing risk" part of.... |
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Muttocracy (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 09:34 PM Response to Reply #19 |
20. exactly. nt |
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Neshanic (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 09:36 PM Response to Original message |
21. It's Failure Friday! Yipee! Houses are on the house! |
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rainman99 (283 posts) Send PM | Profile | Ignore | Fri Sep-05-08 09:37 PM Response to Original message |
22. This ticks me off. |
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Yavin4 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 10:06 PM Response to Reply #22 |
25. "Why do we have to bail everyone out? " |
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Yavin4 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 10:05 PM Response to Original message |
24. What's Sarah Palin's Position on This? |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 08:56 AM Response to Reply #24 |
51. Didn't you get the memo? They don't do |
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Yavin4 (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 09:05 AM Response to Reply #51 |
54. Sort of Like How Subprime Lenders Didn't Think That Income Mattered |
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unblock (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 10:14 PM Response to Original message |
27. well there is a REAL reason to do this sort of thing on a weekend. |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 09:00 AM Response to Reply #27 |
52. But observe: Markets are _not_ closed for the privileged insiders |
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unblock (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 04:00 PM Response to Reply #52 |
59. true, but both parties are remarkably well informed. |
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Muttocracy (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 09:28 AM Response to Reply #27 |
56. I guess that makes sense. nt |
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Trillo (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 10:18 PM Response to Original message |
28. "The value of the company's common stock would be diluted |
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swag (1000+ posts) Send PM | Profile | Ignore | Fri Sep-05-08 11:03 PM Response to Original message |
29. Privatize profits, socialize losses. |
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WillyT (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 12:37 AM Response to Original message |
30. Big K & R !!! |
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JCMach1 (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 01:37 AM Response to Original message |
32. Sorry, but legally go for bankruptcy then... Why let the investors keep their stock? |
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struggle4progress (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Original message |
33. Fannie, Freddie to be seized |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #33 |
34. it's all American socialism for the rich and debt for the rest of us.... |
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frankieT (375 posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #34 |
36. privatize the profits, socialize the losses ! the winner is Bill Gross (Pimco) |
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mike_c (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #36 |
37. yup-- bondholders will walk away while stock holders lose everything... |
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PBS Poll-435 (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #33 |
35. I vote NO. WTF? |
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Runcible Spoon (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #33 |
38. Fuck Greenspan, fuck Bernanke |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #38 |
42. DId anyone listen to that sociopath Mitt Romney's speech at the RNC? |
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PDJane (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #33 |
39. Palin is just distraction......... |
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hunter (1000+ posts) Send PM | Profile | Ignore | Sun Sep-07-08 11:06 AM Response to Reply #39 |
66. I agree. They give us a soap opera to watch while they finish looting the house. |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #33 |
40. Wow. |
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DeSwiss (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #33 |
41. K&R |
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Solly Mack (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #33 |
43. what happens to those companies that own some of the debt? |
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barbtries (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #33 |
44. lose your home? tough shit |
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Liberal Dose (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #33 |
45. We need corporate welfare reform. This is sickening. eom |
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Enthusiast (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 06:18 AM Response to Reply #33 |
46. Reregulation. Republican champions of deregulation |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 09:03 AM Response to Reply #33 |
53. Here, according to NYT, Preferred shareholders also take the hit. |
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ozymandius (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 07:34 AM Response to Original message |
47. Free market my arse! |
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Ghost Dog (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 09:11 AM Response to Original message |
55. Reuters, here: |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 11:54 AM Response to Original message |
58. Hey apparently when you do bidness with China, you have to do as they say. |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 09:18 PM Response to Original message |
62. Ugh, this is "privatize the profits and socializing the losses" in all it's disgusting unglory. |
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Theres-a (1000+ posts) Send PM | Profile | Ignore | Sat Sep-06-08 09:35 PM Response to Original message |
63. Kick |
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TankLV (1000+ posts) Send PM | Profile | Ignore | Sun Sep-07-08 09:32 AM Response to Original message |
64. LET THEM FAIL!!! DON'T LET THE CEO'S POCKET AND KEEP THEIR SALARIES!!! |
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Blue_Tires (1000+ posts) Send PM | Profile | Ignore | Sun Sep-07-08 11:11 AM Response to Original message |
67. so much for 'personal responsibility' |
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harun (1000+ posts) Send PM | Profile | Ignore | Sun Sep-07-08 04:59 PM Response to Reply #67 |
69. Everyone on DU needs to know when you are in a conversation with |
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harun (1000+ posts) Send PM | Profile | Ignore | Sun Sep-07-08 11:20 AM Response to Original message |
68. If our gov't made a move this big to help the middle class or poor |
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