"Dave" wrote in message
...
On Sun, 7 Sep 2008 11:57:15 -0700, "Capt. JG"
said:

Lessee. Are those the same Fannie Mae and Freddie Mac that Jim Shumer
was
urging to buy more and more mortgages to "solve" the problem? The same
ones
that the WSJ has for years been saying have had accounting issues and
are
shaky? The same ones that have been making Chris Dodd, John Kerry,
Barack
Obama and Hillary Clinton their top recipients of campaign contributions
over the last 19 years? Are those the ones?

Both should have been put out of their misery years ago by requiring
them
to
sell off their assets to truly privately owned enterprises with no
guvmint
guarantees, explicit or implicit.


They've been solvent and working until recently.

You just haven't been following the story as it unfolded. Shumer would
like
people to believe that fairy tale. The smart money knows better.

Now they're not. Perhaps
you can blame Obama if you really try. After all, he was in the Illinois
Legislature and was a community organizer while Bushco was in the WH and
the
Republicans controlled Congress.

Follow the money, Jon.


The "smart money" people are saying that they should be bailed out. The
half-ass compromise from Paulson isn't going to cut it....

"Paulson, whose comments came as shares of the so-called
government-sponsored enterprises tumbled to their lowest levels in 17 years,
said his department is "maintaining a dialogue with regulators and with the
companies."
Investors seemed unimpressed by the Treasury secretary's statement, as
stocks tumbled and oil prices climbed further into record territory. The Dow
Jones industrials fell more than 180 points and dropped below the 11,000
mark in mid-day trading for the first time in two years."


--
"j" ganz @@
www.sailnow.com