Gaar, I quote from your post, "Looks like the masses are afraid that Obama will become Presiden tand raise their taxes". I would like to know what that statement has to do with the Federal Govt. choosing to bail out these two instituions, using tax payer money of course.
I don't give the slightest fuck who is in favor of the bail out. I would like you to answer the question I asked. Somebody, at some point in time will have to raise taxes to pay for all this shit. On Sep 8, 5:07 pm, Gaar <[EMAIL PROTECTED]> wrote: > Who said it did? > > Let us not forget that Obama is in favor of the Bail Out as well. > > On Sep 8, 3:05 pm, Hollywood <[EMAIL PROTECTED]> wrote: > > > > > Gaar, > > > Please clarify what "the masses" have to do with this administration's > > decision to bail out Freddie Mae amd Fannie. > > > On Sep 8, 4:34 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > Who said things were going well? > > > > Looks like the masses are afraid that Obama will become President and > > > raise their Taxes. > > > > On Sep 8, 2:29 pm, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > > > > > Republicans and McCain if things are going so well, > > > > why the $5 Trillion Freddie Mac and Fannie Mae Bailout? > > > > > The tax cuts should have gone to the middle class, > > > > not the richest Americans. It is very clear that trickle down > > > > did not work. > > > > > It is very clear it is the American middle class who need the > > > > help. > > > > > It is very clear that after 6 years of the Bush Tax cuts the > > > > 11 Million jobs and the prosperity Bush Promised these tax > > > > cuts would bring never happened. > > > > > The bottom line is that the Americans who will have to PAY > > > > for this bailout will be the MIDDLE CLASS, because the > > > > Republicans want to make the Tax Cuts to the Rich Permanent. > > > > > Is this the change McCain talks about, because he supports > > > > the Bush Tax cuts. > > > > > Fannie, Freddie deal helps some borrowers, not all By J.W. > > > > ELPHINSTONE, AP Business Writer > > > > Mon Sep 8, 1:27 PM ET > > > > > The government's historic bailout of Fannie Mae and Freddie Mac on > > > > Sunday will be good news to homebuyers and some homeowners hoping to > > > > refinance if it leads to lower mortgage rates, as experts expect. > > > > > But for homeowners already behind on their mortgage payments, or who > > > > owe more than their homes are now worth, the plan unveiled Sunday by > > > > Treasury Secretary Henry Paulson offers little in the way of extra > > > > relief. > > > > > "The bailout will give the mortgage industry a stability that we > > > > haven't had in a couple of years," said Rich Cosner, president of > > > > Prudential California Realty. "But frankly no, it won't help > > > > (struggling borrowers) to refinance." > > > > > Fannie Mae and Freddie Mac play a critical and increasingly dominant > > > > role in the mortgage market. The companies buy mortgage loans from > > > > banks and package those loans into securities that they either hold or > > > > sell to U.S. and foreign investors. That allows traditional lenders > > > > like Bank of America, Wells Fargo and Washington Mutual to make more > > > > loans. > > > > > Together, Fannie and Freddie own or guarantee about $5 trillion in > > > > home loans, about half the nation's total. But an alarming number of > > > > those loans started going into default, draining the companies' > > > > financial reserves and sending a chill through credit markets > > > > worldwide. As investors grew more skittish, borrowing costs started > > > > rising. > > > > > By placing Fannie and Freddie into a conservatorship, the government > > > > is promising investors that the companies' debt is as safe as the > > > > Treasury Department's. > > > > > While not a cure-all, the bailout is still a step in the right > > > > direction, industry observers say. It will at least "keep the lanes in > > > > the mortgage freeway open," said Greg McBride, a senior financial > > > > analyst at Bankrate.com, possibly putting the market on the road to > > > > recovery. > > > > > If mortgage rates fall, that will attract more potential buyers into > > > > the market, which, in turn, will help to prop up home prices, he said.- > > > > Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
