Rath said:
Edit:@Viper. Can you post some proof that Freddie and Fannie were controlled by the govt pre-crisis? I'm useless at finding this stuff online and I'm interested to find this stuff out =P
|
The 2 companies are Government Sponsored Enterprises. Yes they were privately owned but chartered by the government which held some sway in policy and direction in exchange for their government backed security making their securities seem more valuable.
They were not completely free market.
Beoulve said: Why aree amricanss dso afraid of socialst?s!? Aer yu afraid of a welfare system that actualy havet the people's interests in mind?! I always vote fro the socialts in my country, because I care more abut the people than the richmens wallets. |
In America, we have many, many social programs so we aren't afraid of serives for the benefit of the people overall. What we don't want is the government interfering with the market because it causes bubbles and crashes (like we just had). We also prefer that the free market handle as many of the services as possible because it tends to provide better service for cheaper than what the government can do.
We all want the same thing, we simply differ on who should provide it and through what means.