Are Freddie And Fannie Insolvent? - Page 3 of 7

The beginning of the end of all our money. - Page 3 - Politics, Business, Civil, History - Posted: 16th Sep, 2008 - 4:26am

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Post Date: 8th Sep, 2008 - 4:02pm / Post ID: #

Are Freddie And Fannie Insolvent?
A Friend

Are Freddie And Fannie Insolvent? - Page 3

If a business fails it fails. Freddy and Fanny have an over all worth of 5 trillion dollars! That is half our national dept. And the government wants to devalue our money by making installments to bail them out.

Our dept is carried by other country like china and Russia. The chinese are pulling out of the dollar because the feds have devalued it so much.

We are looking at a more severe depression because of Greenspan and his types.

The market system will smooth it's self out if people just leave it alone. Are they going to bail you out because you made poor stock chioces or your business failed?

5% of the world population consume 70% of the world's resources. That isn't going to last.

Unfortunately we will drag the canadians down with us.

That is just my opinion on the matter, but check out what the top economists are saying and the billionaires to.

America is about to foreclose.

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8th Sep, 2008 - 4:14pm / Post ID: #

Insolvent Fannie Freddie Are

Right now the Chinese and Japanese are very happy with this move by the US government. I suspect that pressure from those countries probably led to the move. Hopefully it will soften global markets for awhile.


International Level: International Guru / Political Participation: 3058 ActivistPoliticianInternational Guru 100%


8th Sep, 2008 - 4:26pm / Post ID: #

Are Freddie And Fannie Insolvent? History & Civil Business Politics

I agree JB and yes Canada might be hardest hit by any choice made by the States but it is the global pressure that was the real factor in the decision to bail them out.

I also think that Quasar is right that to be better in the long run let this crash happen and then the market can balance out to where it should have been to start with.

It is the politics that prevent this from happening, as what government is going to willfully put its populace into a long severe depression while the real estate market corrects its self? Never any easy answers.


International Level: Senior Politician / Political Participation: 188 ActivistPoliticianSenior Politician 18.8%


Post Date: 9th Sep, 2008 - 12:03am / Post ID: #

NOTE: News [?]

Page 3 Insolvent Fannie Freddie Are

Fannie and Freddie\

Liberals love to complain that Iraq is so costly---it's $10 billion a month of taxpayer money! So, when the government decided to do a $200 billion dollar bailout of Fannie and Freddie---one could imagine how load the roar of liberals complaining about wasted taxpayer money was. OR there was no roar at all
Ref. Source 1

14th Sep, 2008 - 11:02pm / Post ID: #

Insolvent Fannie Freddie Are

I did not look before at the foreign interests, the popular news media outlets should be using a magnifying glass on this. Don't expect any global solution to the current economy slump from this. You can compare this to trying to out a fire with a bucket of gasoline.


International Level: Junior Politician / Political Participation: 100 ActivistPoliticianJunior Politician 10%


15th Sep, 2008 - 1:42pm / Post ID: #

Are Freddie And Fannie Insolvent?

Unless some of the rich countries stat looking for vacation properties which is possible on the west coast with Japan. I do not know how much investment would come this way but any is better then nothing.

Also if they start placing this in the paper enough others will tend to believe and stat buying as well and that could cause a snow ball effect in the longer run.


International Level: Senior Politician / Political Participation: 188 ActivistPoliticianSenior Politician 18.8%


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15th Sep, 2008 - 6:48pm / Post ID: #

Are Freddie Fannie Insolvent - Page 3

Just imagine that the former CEOs stand to get $6 to $8 million ( Mudd, and Syron) for riding with a sinking investment.

QUOTE
The public and specifically the two companies' shareholders who have little hope of recouping any of their investment, were not happy when it was revealed last week that Daniel Mudd, former CEO and Richard Syron who had been removed from the same position with the seizure of Freddie Mac, would receive severance packages estimated at $6 to $8 million for Mudd, and Syron, through a clause added to his contract in July when a possible federal takeover was first discussed, might have received as much as $15 million.
Ref. Source 8


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16th Sep, 2008 - 4:26am / Post ID: #

Are Freddie Fannie Insolvent Politics Business Civil & History - Page 3

The beginning of the end of all our money. It used to be worth something and now it'll become like the peso across the border. Maybe some of us should start going to Mexico to look for jobs and property.


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