flyfishing3 Posted September 8, 2008 Report Share Posted September 8, 2008 ****Officials announced that both Fannie Mae and Freddie Mac were being placed in a government conservatorship, a move that could end up costing taxpayers billions of dollars.****i think this is crap. i do not support helping people out of mortages they shouldn't of been approved for in the first place.my business is reliant on new construction so the bail out helps me but i still do not approve of this. Link to comment Share on other sites More sharing options...
Che'_Moderator Posted September 8, 2008 Report Share Posted September 8, 2008 ****Officials announced that both Fannie Mae and Freddie Mac were being placed in a government conservatorship, a move that could end up costing taxpayers billions of dollars.****i think this is crap. i do not support helping people out of mortages they shouldn't of been approved for in the first place.my business is reliant on new construction so the bail out helps me but i still do not approve of this.I purchased stock when they were at 2.10 a share lol. Lots of people are under thousands of shares they purchased at 60+ a share Link to comment Share on other sites More sharing options...
7 VII 7 Posted September 8, 2008 Report Share Posted September 8, 2008 I purchased stock when they were at 2.10 a share lol. Lots of people are under thousands of shares they purchased at 60+ a shareyou bought stock of Fannie Mae or Freddie Mac?Fannie Mae is at .80 a shareFreddie Mac is at .88 a shareyikes Link to comment Share on other sites More sharing options...
Che'_Moderator Posted September 8, 2008 Report Share Posted September 8, 2008 you bought stock of Fannie Mae or Freddie Mac?Fannie Mae is at .80 a shareFreddie Mac is at .88 a shareyikesBoth. And just picked up another 2k shares. Link to comment Share on other sites More sharing options...
7 VII 7 Posted September 8, 2008 Report Share Posted September 8, 2008 Both. And just picked up another 2k shares.sounds like a plan Link to comment Share on other sites More sharing options...
flyfishing3 Posted September 8, 2008 Author Report Share Posted September 8, 2008 no one else is pissed about this.this bail out has nothing to do with helping americans. it will be windfall for banks who made all these bad loans. the will get paid twice for these loans. Link to comment Share on other sites More sharing options...
Che'_Moderator Posted September 8, 2008 Report Share Posted September 8, 2008 no one else is pissed about this.this bail out has nothing to do with helping americans. it will be windfall for banks who made all these bad loans. the will get paid twice for these loans.Its gay. I have said it before and I will say it again. Poor people suck. But with critical infrastructure you cannot allow it to collapse. Look at the airlines. Even something like say Microsoft. The gov has to bail them out or screw themselves. Link to comment Share on other sites More sharing options...
flyfishing3 Posted September 10, 2008 Author Report Share Posted September 10, 2008 i feel better the CEOs of those two company's got huge bonus checks for running a buisness into the ground. :tup: Link to comment Share on other sites More sharing options...
Pops Racer Posted September 15, 2008 Report Share Posted September 15, 2008 No bailing of banks today. Good, I want the scum to fall and power to the strong and smart. Pigs get slaughtered. Lets see what the free market can do. Buy low, this is an opportunity to make some cash off of these pigs. Link to comment Share on other sites More sharing options...
Che'_Moderator Posted September 15, 2008 Report Share Posted September 15, 2008 No bailing of banks today. Good, I want the scum to fall and power to the strong and smart. Pigs get slaughtered. Lets see what the free market can do. Buy low, this is an opportunity to make some cash off of these pigs.LOL you wish. They already cliffed and golden parachuted out. YOu should know by now. The rich get richer. Link to comment Share on other sites More sharing options...
ToxicLemonade Posted September 16, 2008 Report Share Posted September 16, 2008 Now is the time to buy. You should buy in a "recession"and save in a boom. Link to comment Share on other sites More sharing options...
Pops Racer Posted September 17, 2008 Report Share Posted September 17, 2008 LOL you wish. They already cliffed and golden parachuted out. YOu should know by now. The rich get richer.Yeah I know, how idealistic and naive of me. But they should not bail them out, lets get the pain over with. It will just postpone the inevitable and pile on more crap." The ultimate result of shielding men from the effects of folly is to fill the world with fools" Herbert Spencer, English Philosopher Link to comment Share on other sites More sharing options...
prasamin Posted September 17, 2008 Report Share Posted September 17, 2008 Thank you, George W. Bush. Seriously. Thanks alot douchebag. Link to comment Share on other sites More sharing options...
Che'_Moderator Posted September 17, 2008 Report Share Posted September 17, 2008 Thank you, George W. Bush. Seriously. Thanks alot douchebag.HAHAHI'll bite. Hows it his fault? Link to comment Share on other sites More sharing options...
ErikS Posted September 17, 2008 Report Share Posted September 17, 2008 AIG now ... 1929 anyone? Its a big pyramid of speculation and credit and debt and its going to be a big storm of shit before its all over. We need more transparancy. Link to comment Share on other sites More sharing options...
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