"Capt. JG" wrote in message
easolutions...
"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."


Unattributed quotes - seems suspicious, let's see:


The DJIA last dropped below 11,000 on July 15th 2008. That's when oil was at
record prices.

Today, oil has dropped by almost 1/3 and the Dow is up over 1200 pts from
that alarming low.

Seems things are much better now, Paulson must have done well.

Is that your point?