Government Doubles Available Aid to Fannie and Freddie

[AnotherNormal]

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[MaleVolentworld]

Fannie and Freddie sitting in a tree D Y I N G

I thought this couple were some kind of gov agency anyway, gov feeding itself :S

[FLINTJm]

Pump it up homeboy, just don't stop.

[MaleVolentworld]

Is that a message to Freddie to do something to Fannie in the tree? sex won't keep them alive.

[Freedom Geek]

More government intervention. This won't end well.

[RBM]

More government intervention. This won't end well.

for some. Those of the money grubbing Ponzi scheme. If the status quo holds. If it doesn't then are many bifurcations that can occur and each will depend on one's energy ladder placement.

For me it won't matter much, unless economic/energy ladder gets really, really short.

A more articulate view (To view links or images in this forum your post count must be 2 or greater. You currently have 0 posts.):

Maybe there is no way out of this mess, either practically or politically. Limitless growth, Edward Abbey once wrote, is the ideology of a cancer cell, and the doctrine of endless debt-fueled expansion may have created an economy so riddled with it that any therapy powerful enough to kill the cancer will also kill the patient. In other words, globalized capitalism (or rather, this strange brew of corporate oligopoly and lemon socialism) may have finally dug itself a hole too deep for the traditional neo-Keynesian policy tools (fiscal and monetary policy) to lift it out of. But, if that's true, then our children and our grandchildren may indeed spit on our graves, but it's going to be because we have bequeathed them much bigger nightmares than an increase in the federal debt.

[INTJohn]

More government intervention. This won't end well.


Welcome to the Good ole US of A; err - The Communist States of America

[jesse]

"just throw more money at it! It will magically fix itself"

If this really is their game plan, it is high time to shift gears as it does not yield results. Then again, some of the first problems which created a domino effect across the board and on the rest of the world too.

As much as many people in the US claim to support free trade and free enterprise, preferrably these sorts of institutions would be phased out. Fannie and Freddie might have been decent ideas in the beginning, they nevertheless are no longer living up to them, even less functioning without constant government cash payouts and intervention.