Taxpayers own Fannie Freddie

**yonskion** · 09-05-2008, 08:32 PM

just saying. Option Armageddon next.

**timvwcom** · 09-05-2008, 09:11 PM

Good catch... though it's officially just "rumor" at this point. Oh, and it is reported to "dilute" the common stock, while "company debt and preferred shares, would be protected by the government."

Also, the Real Estate Crash Thread (now on page 38) has been churning thru this as it builds up... come comment there too.

**Blurred** · 09-06-2008, 05:38 PM

You socialist idiots reap what you sow. You made your bed, now lay it in it......

**timvwcom** · 09-06-2008, 06:44 PM

Originally Posted by BlurredElevens

You socialist idiots reap what you sew. You made your bed, now lay it in it......

Huh? Socialists, where???

So the public stock holders (certainly capitalists's by ANY definition, no?) get their investments in the Federal Home Loan Mortgage CORPORATION (a publicly traded security) wiped out by a market crash (again, certainly raw capitalism happening in a capital market) of the private real estate market (again, private owners of real estate certainly NOT a socialist thing - so I'll call private ownership of real estate a capitalist concept).

So... THEN the Bush Administration steps in and basically nationalizes the public's ownership portion of this Corporation, however leaves in place the existing large corporate ownership portions of it. Fuck... Blurred, I don't think that's "Socialism"... seems maybe closer to Fascism to me? But hey, I'm no expert.

**Jer** · 09-06-2008, 07:27 PM

I like to play a little game
I crawl down deep inside my brain
I think you know the game I mean
I mean the game called "go insane"

**neck beard** · 09-06-2008, 07:39 PM

Originally Posted by BlurredElevens

You socialist idiots reap what you sew. You made your bed, now lay it in it......

Socialists causing a credit bubble? Blurred have you ever worked in bank, not a bank branch as a teller, I mean a huge corporation, working in the engine room or on the bridge? You have no idea what caused this problem. The fact that the 'solution' has been to socialise the mess indicates that capitaism failed you at the street level.

**Rubicon** · 09-06-2008, 08:36 PM

Originally Posted by Hohes

The fact that the 'solution' has been to socialise the mess indicates that capitaism failed you at the street level.

You misunderstand.

Capitalism promises opportunity. Socialism promises you protection from failure.

Business failures are an expected(and necessary) part of capitalism just as death is a necessary part of life. So to say that the failure of a business is proof that capitalism failed shows that you don't properly understand capitalism and are viewing it through the eyes of socialism.

**Blurred** · 09-06-2008, 08:52 PM

I'm going to start a business selling Cadillac Escalades to dirt poor Mexicans.
I won't check their credit, I'll just take a $1000 down payment, and charge them
$200 a month for the first year. Then after a year, that payment will go to, oh lets say $700 a month. I'll keep the initial down payments on the 1000 Escalades I sold, plus the $200 a month on each vehicle....I'll then just stuff the money in an offshore bank account, and threaten to declare bankruptcy when the dealership comes asking for their money when the time comes that all of the mexicans can't make their payment.......but that's cool, cuz the government will bail me out with your tax dollars. Corporate socialism rules!

**timnormandin** · 09-06-2008, 09:26 PM

Originally Posted by BlurredElevens

You socialist idiots reap what you sew. You made your bed, now lay it in it......

I suppose I'm still a JONG, but this is--without a doubt--the single

**timnormandin** · 09-06-2008, 09:33 PM

As I was saying before some fucking thing happened with TGR--Adveres, or whatever the fuck you name is--was that your doing? This is single most stooooopid post (perhaps I overstate) I've seen on TGR. So, socialists created the Fredie/Franny shitstorm, I think not, stud.

**P_McPoser** · 09-06-2008, 09:34 PM

blurred pwned you fucking morons.

**Blurred** · 09-06-2008, 09:49 PM

Originally Posted by timnormandin

As I was saying before some fucking thing happened with TGR--Adveres, or whatever the fuck you name is--was that your doing? This is single most stooooopid post (perhaps I overstate) I've seen on TGR. So, socialists created the Fredie/Franny shitstorm, I think not, stud.

Hey dickbag. See those things with letters on em in front of ya? Pound on em for a while and state your case. I know critical thinking isn't your nature, but lets see what you come up with. BTW-his name is Advres, it's spelled out every time he posts. But yer reeel smart, you new that, rite?

**timnormandin** · 09-06-2008, 09:56 PM

It's "let's" not "lets". By the way I did check out your blog. The skiing is quite impressive. For real.

**Blurred** · 09-06-2008, 09:58 PM

Originally Posted by timnormandin

It's "let's" not "lets". By the way I did check out your blog. The skiing is quite impressive. For real.

Glad you enjoyed it. I need to update it, but not much skiing lately.

Now please explain what you don't understand.

**timnormandin** · 09-06-2008, 10:09 PM

I understand everything, grasshopper. I just don't agree with much. Sorry about the stooopid comment. I could have found a better way to put it.

**Blurred** · 09-06-2008, 10:15 PM

Originally Posted by timnormandin

I understand everything, grasshopper. I just don't agree with much. Sorry about the stooopid comment. I could have found a better way to put it.

You can drop the condescending tone. Simply stating that you're smart without stating your case simply shows you're just a loud mouth idiot. Are you an idiot?

**timvwcom** · 09-06-2008, 10:24 PM

B, why don't you evar pick on me like that?

**timnormandin** · 09-06-2008, 10:27 PM

Yes, I'm an idiot. Carry on.

**Blurred** · 09-06-2008, 10:30 PM

Originally Posted by timvwcom

B, why don't you evar pick on me like that?

I don't want to step on Jers toes.

**timvwcom** · 09-06-2008, 10:36 PM

Originally Posted by BlurredElevens

I don't want to step on Jers toes.

He wouldn't mind...

But first, should mention that;

Originally Posted by BlurredElevens

You socialist idiots reap what you sew. You made your bed, now lay it in it......

The phrase is actually "reap what you sow"...

This is "sew";

Even this;

But this is "sow";

Though these days it looks like this;

Neener, neener...

You willing to take me on regards the "socialist" comment?

**Blurred** · 09-06-2008, 10:40 PM

i changed the spelling on it before your gay post...too bad they both read 4:36.

As far as "taking you on", as much as I'd like to see Rainbow Bright in full on pasting steeze, it's clear that ALL American taxpayers paying for a corporations
failures is socialism.

**timvwcom** · 09-06-2008, 10:44 PM

Originally Posted by BlurredElevens

i changed the spelling on it before your gay post...too bad they both read 4:36.

Everyone gets lucky once in a while and gets the edit in before the clock ticks again... even you. I actually let it go the first time, but with you picking on people, I figured I'd giv'r back.