OK, I admit that I don't understand this whole Fannie, Freddie thing but I at least know that it's the government takeover that will cost the taxpayers. Check out Palin's statement below and the reporter's comments....
By KEVIN G. HALL · © 2008, McClatchy-Tribune Information Services.
The widening housing crisis took center stage on the presidential campaign trail Saturday after the Treasury Department confirmed to the candidates it was preparing a historic seizure of mortgage finance giants Fannie Mae and Freddie Mac.
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McCain promised to get "real regulation that limits their ability to borrow, shrinks their size until they are no longer a threat to our economy, and privatizes and eliminates their links to the government."
Obama, too, has been critical, complaining that Fannie and Freddie should either operate as public entities without profit, or as private companies that won't be rescued if they fall into trouble.
McCain's running mate, Alaska Gov. Sarah Palin, speaking in Colorado Springs, Colo., said Fannie and Freddie had "gotten too big and too expensive to the taxpayers." The companies, however, aren't taxpayer funded but operate as private companies. The takeover may result in a taxpayer bailout during reorganization.
read more at.....
http://www.heraldonline.com/115/story/798203.html