| fkusumot said: Fannie and Freddie have been around for 70 years and 38 years, and now all of a sudden it's their problem? The government should be held accountable for trying to increase home ownership? That's about the same as saying the government should be held accountable for trying to increase employment. Fannie and Freddie weren't allowed (by law) to do B-Paper business. They used the loophole of putting collaterized debt obligations and bonds on their books and that's what fucked them over. The article is junk economics, it does not put A and B together and leaves out C. It's about as informative as a article by Bruce on Gaming. |
Hey, get your wide-angle views of the situation out of here! We don't need them!
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
