Quote Originally Posted by maladroit
yes i read the bold bits...did you read my questions?

fannie and freddie were privately owned and publicly regulated....their assets were not guaranteed by the government...

there was no real taxpayer support to withdraw until george bush nationalized them...the bubble would have burst anyway even if fannie and freddie were broken apart and sold off to private banks the day after dr. paul's speech
Make no mistake about it, government would not, will not have ever let them fail. Remember, they were near bankruptcy during the time of the initial F&F bailout. The reasoning is that given on behalf of the entire bailout, they are too big to fail; to big because of what the good doctor mentioned. The Keynesian model calls for it. Short run orientated "full employment" goals trump all! Not that it is the right call:jointsmile:
GoldenBoy812 Reviewed by GoldenBoy812 on . He knew that this was going to happen Why did they ignore him..? Because they apparently had something to gain from ignorance.. Ron Paul in the House Financial Services Committee, September 10, 2003 Mr. Chairman, thank you for holding this hearing on the Treasury Department's views regarding government sponsored enterprises (GSEs). I would also like to thank Secretaries Snow and Martinez for taking time out of their busy schedules to appear before the committee. I hope this committee spends some time examining the Rating: 5