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Sarah is an economic moron nonetheless because this sucker is too big to be bailed out, plus it makes to sense to say you're going to shrink the organization to save money. The bulk of the cost is the $5T of crap mortgage debt, 9% of which have missed payments, and we ain't seen nothing yet.
They were taught and probably still are (until yesterday) as "quasi gov't entities", ask anyone who ever took a RE exam.
Mae and Freddie Mac had "gotten too big and too expensive to the taxpayers."
This is true, especially considering that the taxpayers are in the process of taking over both companies, putting the taxpayers on the hook for billions in debt.
The companies, "aren't taxpayer funded but operate as private companies.
Again, they are private companies, but in the process of becoming public companies as the Federal Reserve considers taking over both companies.
Again, where exactly is her "gaffe"?
I was far more amused by Obama's gaff on Sunday when he said "my Muslim faith" and Stephanhoosie had to quickly correct him.
Mae and Freddie Mac had "gotten too big and too expensive to the taxpayers."
This is true, especially considering that the taxpayers are in the process of taking over both companies, putting the taxpayers on the hook for billions in debt.
The companies, "aren't taxpayer funded but operate as private companies.
Again, they are private companies, but in the process of becoming public companies as the Federal Reserve considers taking over both companies.
Palin came out of a strongly Libertarian part of Alaska. That is probably her perspective and not a gaffe. She still needs to align her personal beliefs with those of McCain.
They were taught and probably still are (until yesterday) as "quasi gov't entities", ask anyone who ever took a RE exam.
That's the conventional wisdom by talking heads. Obviously you didn't read the perspectus as written proof as to why that's bogus.
Bwahahahaha...believing a realtor?? Not believeing these cheerleaders is how I got wealthy, off the backs of homebuilders and financials by shorting the h**l out of them.
Palin came out of a strongly Libertarian part of Alaska. That is probably her perspective and not a gaffe. She still needs to align her personal beliefs with those of McCain.
Freddie and Fannie are to big in the minds of many. They were allowed to become something they should not have become and it is now to late to do anything but keep them afloat. They should never have been allowed to back high risk loans.
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