| Will there be a Criminal Investigation?; I can suggest some names. | |
|---|---|
| Tweet Topic Started: Sep 6 2008, 04:58 PM (260 Views) | |
| Tidbits | Sep 6 2008, 04:58 PM Post #1 |
|
http://www.nytimes.com/2008/09/06/business/06fannie.html?ref=business
Is it a bail out for NY banks and Wall Street bond houses and their clients? |
![]() |
|
| Deleted User | Sep 6 2008, 05:31 PM Post #2 |
|
Deleted User
|
. AFTER, they knew they were failing, they gave Jesse Jackson more money. They gave him lots of money in the past. It's not like it's their money. . |
|
|
| Bill Anderson | Sep 6 2008, 05:40 PM Post #3 |
|
You have to understand that Fannie and Freddie are artificial entities. They would not have appeared in a free market, and they serve two important political purposes: (1) they dispense lots and lots of cash to politicians, and (2) they are a repository for political hacks like Jamie Gorelick (who made $26 million while she was there) who are not necessarily talented as executives, but who have great political contacts. http://online.wsj.com/article/SB121599777668249845.html?mod=opinion_main_review_and_outlooks http://online.wsj.com/public/article_print/SB121677050160675397.html
|
![]() |
|
| brittany | Sep 6 2008, 05:42 PM Post #4 |
|
Always good to have an economist at LS. |
![]() |
|
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
| « Previous Topic · LIESTOPPERS UNDERGROUND · Next Topic » |






7:25 PM Jul 10