The Markets Are Terrified: Should You Be?

[tinytim]

Another reason we don't believe them is this....

Frank denied there was any problem and was quoted as saying, "Fannie Mae and Freddie Mac are not in crisis."
In fact, Barney Frank was encouraging the government to do more to get low income families into homes.
"The more people, in my judgment, exaggerate the threat of safety and soundness, the more people conjure up the potential for serious financial losses.... [a problem] I do not see. We see entities that are fundamentally sound financially and would stand some of the disastrous scenarios. But, even if there were a problem the government wont bails them out. The more pressure we see there then there is less, I think, we see in terms of affordable housing," Barney Frank said in September of 2003.

The creation of a regulatory agency to oversee GSEs was ultimately blocked. http://www.kfor.com/global/story.asp?s=9080306

Then to watch Barney and Friends blame the Republicans for this mess, when the Republicans tried to regulate Fannie and Freddie 5 yrs ago, and Barney and friends blocked it!

Then they come to the podium Sunday preaching regulation...

We Americans see the hypocrisy in Washington...

They don't care about us... it is political on both sides...
And I am disgusted with McCain as much as I am with Pelosi and Barney...

They don't get it! We want Capitalism.. they want to control us!

Come Nov.. this may just boot every incumbant out of office.

 

[Revmitchell]

They don't get it! We want Capitalism.. they want to control us!

Come Nov.. this may just boot every incumbant out of office.

I just spoke with my representatives office. Tom Feeney holds to the position that the free market should resolve this. I just filled out my absentee ballot because I am a poll worker. Voted for both Tom and Chuck as well as a state constitutional amendment on marriage. Guess which way I voted on that one.:thumbs:

 

[PamelaK]

Nope, I'm not terrified or even worried in the least. I know Who my Provider is!! I am 100% against any bailout. Now since our leaders seem bent on doing something, anyway, I heard Dave Ramsey offering a plan which sounded interesting, even though I haven't had a chance to read it yet. I imagine since something is going to be done, it might be a whole lot better than what Congress could come up with, but don't know. It's on his website if anyone is interested. www.daveramsey.com

 

[Dragoon68]

Nope. My treasure is in Heaven.

Amen, brother, and let's not forget it!