huffingtonpost.com — This needs to be reposted, as it is getting buried, despite being factual. She... claimed that lending giants Fannie Mae and Freddie Mac had "gotten too big and too expensive to the taxpayers." Apparently, she doesn't realize they aren't taxpayer funded but operate as private companies. No, this isn't with reference to any bailout. See for yourself
Sep 8, 2008 View in Crawl 4
btschulSep 8, 2008
Didn't the government bail out these companies? So I guess the tax payers are supporting them. I guess Obama is ignorant too. He thinks there are 58 states. <a class="user" href="http://www.youtube.com/watch?v=8rp2-qb47BM">http://www.youtube.com/watch?v=8rp2-qb47BM</a>
hanielperigueuxSep 9, 2008
Sarah Pa(l)in is GW Bush in a skirt
jenniferinmoSep 9, 2008
Don't call people ignorant unless you ahve the facts. You are wrong as well Fannie Mae and Freddie Mac were(until today) private, publically traded entities and private citizens could hold stock. A GSE means that the government will back or sponsor percentage of the loans to make the investment more secure. The real problem had been that the amount secured/backed by the government was far too low to cover the losses. They tried raising the amount secured by the treasury and when it became evident that it that they were so underfunded that the government had to sieze them both.
imperialromeSep 9, 2008
I dont see this as a gaffe, since the Feds announced today that they are taking over, and that takeover could cost the taxpayers billions , even if foreclosures don't rise.<a class="user" href="http://seattletimes.nwsource.com/html/politics/2008167860_apmortgagegiantswhatsnext.html">http://seattletimes.nwsource.com/html/politics/200 ...</a>"The Bush administration announced Sunday it was seizing the two huge mortgage companies, which together own or guarantee about $5 trillion in home loans, about half the nation's total, in a bid to help reverse a prolonged housing and credit crisis. They're being placed in a government conservatorship, a move that could end up costing taxpayers billions of dollars.Paulson has acknowledges there's no way Congress can decide what to do with Fannie Mae and Freddie Mac before the end of the year, but he also said policy makers would make "a grave error if we don't use this time out to permanently address the structural issues" they pose."