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Originally Posted by 427 S/O
If your law maker isn't involved, have him or her demand accountabily!.
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Our lawmaker is the problem.
http://isakson.senate.gov/press/2008/072608housing.htm
Johnny Isakson legislates like a democrat although we elected him on the Republican ticket.
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This is not a bailout for those two institutions. It is an insurance policy that's good for this economy and good for this country.”
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I disagree Senator. Before you were elected to your Senate seat, you made a fortune in the real estate business. You are bailing out your friends in the real estate business.
You are bailing out two bureaucratic government GSE's. You are bailing out stupid people that overleveraged their personal balance sheets. You are bailing out real estate speculators. You are bailing out overleveraged banks and hedge funds.
And the conservative taxpayer will pay the bill.