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Thread: Freddie Mac and Fannie May Too Big for Taxpayers!

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    Freddie Mac and Fannie May Too Big for Taxpayers!

    http://www.youtube.com/watch?v=eO4k1fIjivg

    Ahem..

    Sarah.... Freddie Mac and Fannie May are privately held. In order to fix a problem, don't you think you need to know about it as a prerequisite? Also lol@McCain clapping after this gaffe.

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    Quote Originally Posted by Yarfunkle View Post
    http://www.youtube.com/watch?v=eO4k1fIjivg

    Ahem..

    Sarah.... Freddie Mac and Fannie May are privately held. In order to fix a problem, don't you think you need to know about it as a prerequisite? Also lol@McCain clapping after this gaffe.

    Read the news...

    http://articles.moneycentral.msn.com...es-090808.aspx

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    Quote Originally Posted by Yarfunkle View Post
    http://www.youtube.com/watch?v=eO4k1fIjivg

    Ahem..

    Sarah.... Freddie Mac and Fannie May are privately held. In order to fix a problem, don't you think you need to know about it as a prerequisite? Also lol@McCain clapping after this gaffe.

    apparently you know absolutely know nothing about 2XFM

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    The takeover may result in a taxpayer bailout during reorganization, but as of now, it is NOT taxpayer funded.

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!


    Her statement confuses me.


    By the way, I don't think they are privately held anymore...

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    noone said it was taxpayer funded

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    Quote Originally Posted by DogtorEvil View Post
    noone said it was taxpayer funded
    Palin said it's too big a strain on taxpayers in that clip I provided.

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    Quote Originally Posted by Rus-La View Post

    Her statement confuses me.


    By the way, I don't think they are privately held anymore...
    They are undergoing a takeover.. but it is not taxpayer money they are using yet. It is possible after the reorganization though.

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    Quote Originally Posted by Yarfunkle View Post
    They are undergoing a takeover.. but it is not taxpayer money they are using yet. It is possible after the reorganization though.


    errr...who do you think is taking them over?

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    Quote Originally Posted by Yarfunkle View Post
    They are undergoing a takeover.. but it is not taxpayer money they are using yet. It is possible after the reorganization though.
    I know that... but it's the "they've gotten too big and too expensive for the taxpayers." that statement is what confuses me... I don't really know why it does, it just does... possibly because it's been a very long day and my meds are kickin' in.

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    Quote Originally Posted by Yarfunkle View Post
    http://www.youtube.com/watch?v=eO4k1fIjivg

    Ahem..

    Sarah.... Freddie Mac and Fannie May are privately held. In order to fix a problem, don't you think you need to know about it as a prerequisite? Also lol@McCain clapping after this gaffe.
    Again, you're not very bright.

    Both of these entities are federally-charter, quasi-governmental agencies chartered by Congress in the 1970's. They are a hybrid corporations that have stockholders but also have significant federal intrusion into their operation.

    Palin's statements did nothing to confuse this relationship. In fact, I believe she was spot on although the sound was not very good.

    I trust you are not associated with the College of Business.
    I'm an asshole! What's your excuse?

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    Quote Originally Posted by Rus-La View Post
    I know that... but it's the "they've gotten too big and too expensive for the taxpayers." that statement is what confuses me... I don't really know why it does, it just does... possibly because it's been a very long day and my meds are kickin' in.
    Could have been just a misspeak on her part.

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    Quote Originally Posted by CARTEK View Post
    Again, you're not very bright.

    Both of these entities are federally-charter, quasi-governmental agencies chartered by Congress in the 1970's. They are a hybrid corporations that have stockholders but also have significant federal intrusion into their operation.

    Palin's statements did nothing to confuse this relationship. In fact, I believe she was spot on although the sound was not very good.

    I trust you are not associated with the College of Business.
    Even conservative analysts acknowledged that the statement simply did not hold true.

    "Heretofore, if the treasury had a balance sheet there would have been a liability but there was never a taxpayer payment before [the bailout]," said Gerald P. O'Driscoll, an economist with the Cato Institute. "[Fannie and Freddie] were not taxpayer funded. They had taxpayer guarantee, which is worth something, especially in the stock market..."

    Hm... that means they were not funded by taxpayers.. right? Hmm... interesting...

    IMO, she just jumped the gun with the whole takeover story.

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    Quote Originally Posted by Yarfunkle View Post
    Even conservative analysts acknowledged that the statement simply did not hold true.

    "Heretofore, if the treasury had a balance sheet there would have been a liability but there was never a taxpayer payment before [the bailout]," said Gerald P. O'Driscoll, an economist with the Cato Institute. "[Fannie and Freddie] were not taxpayer funded. They had taxpayer guarantee, which is worth something, especially in the stock market..."

    Hm... that means they were not funded by taxpayers.. right? Hmm... interesting...

    IMO, she just jumped the gun with the whole takeover story.
    If Fannie and Freddie receive ANY Fed. intervention, control, etc., such power comes with a cost, a cost that is payed for by the U.S. taxpayer. Thus, the taxpayer is paying even if the events occurring today did not happen.

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    Re: Freddie Mac and Fannie May Too Big for Taxpayers!

    She said that 2XFM are too expensive for the taxpayers, not that they're taxpayer funded.
    As Cartek said, they're hybrid corporations. The level of support that the FedGuv has given them via regulations/taxbreaks is huge.

    So did taxpayers directly fund 2XFM prior to the bailout? No. Did we fund them indirectly? Yes.

    And the taxpayer guarantee that the person from Cato mentions is what gave the CEO's free reign to go out had make the billions of $$$ in bad deals.

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