FIB
Just south of the cheddar curtain
Joined: 08/29/2001
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WASHINGTON (AP) -- A federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25 billion, Congress' top budget analyst said Tuesday.
But Peter R. Orszag, director of the Congressional Budget Office, predicted in a letter to lawmakers that there's a better than even chance the government will not have to step in to prop up the companies by lending them money or buying stock.
Congress is expected to vote this week on a housing measure that would give the Treasury Department authority to throw Fannie and Freddie a temporary lifeline.
Guess now,.......ya seen.
Icehole wrote:
......such obbsession can't be healthy
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funkadelic101
Mothership Connection
Joined: 12/07/2002
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So all them foos that was buyin' big houses, then re-fi'n em for str8 cash due to overinflated home prices givin em fake equity then blowin up spendin' on tv's an all that stupid shyt to make the economy look great, now their gettin' foreclosed on and movin' all their sweet loot down the street to a new home and who gets the bill??
Oh yeah, ALL the taxpayers.
Your welcome SHYTBAGS!!!
Bringing back the new school
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FIB
Just south of the cheddar curtain
Joined: 08/29/2001
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Yup. Da rich people backin Freddie an Fannie are still gunna get der payday. An its gunna come outa our pocket.
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Pol-Cat
riding a rental from da LTCM stable
Joined: 12/22/2003
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FIB wrote:Yup. Da poor people backin newport and king cobra are still gunna get der payday. An its gunna come outa our pocket.
Word that Fib, makes the 25 billion the govt gonna give ta freddie and fannie look like chump change
My vision is better then my hearing...shut up and show me something.
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Uller God
Motorized Bandit
Joined: 04/09/2004
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Word dat. Takes the risk outta big biznazz when gov will bail the corporate yahoo's out.
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funkadelic101
Mothership Connection
Joined: 12/07/2002
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Like good repubs theyz all about privatizin' gains, and socializin' losses.
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FIB
Just south of the cheddar curtain
Joined: 08/29/2001
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funkadelic101 wrote:Like good repubs theyz all about privatizin' gains, and socializin' losses.
Datz GOT ta be da quote O' da YEAR!
WORD DAT FUNKY.
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FIB
Just south of the cheddar curtain
Joined: 08/29/2001
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Can't let da "QUOTE O' da YEAR" slip to da 2nd page so fast. 
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drifter7
Sitting right in front of you.
Joined: 05/18/2001
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You mean the Domocratic Majority House and Senate that will be voting to bail them out? The ones that control the U.S. finance? Now this is the Republicans fault?
 CLICK HERE WHEN YOU'RE READY TO RIDE THE BEST
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4th ski-doo
Flat lander
Joined: 11/22/2001
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First off, the bailout is because of sub prime loans. Those are loans that should have never been given out.
OK, before we start the blame game, they are all at fault! Just like the savings and loan scams under the Clinton's.
I really don't think the elephant is the rich party anymore, look at the big money backers of the Dems. Just saying that I feel there has been a big swing in the last 15 years and it's just not news.
Now, if your not scared yet, If fannie and freddy are the safety net and broke is FDIC insurance solvent?
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