Comments on: Fannie, Freddie fiction stores trouble for future http://blogs.reuters.com/breakingviews/2010/02/01/fannie-freddie-fiction-stores-trouble-for-future/ Sun, 28 Apr 2013 15:49:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: ARJTurgot http://blogs.reuters.com/breakingviews/2010/02/01/fannie-freddie-fiction-stores-trouble-for-future/comment-page-1/#comment-1784 ARJTurgot Tue, 23 Feb 2010 19:33:34 +0000 http://blogs.reuters.com/columns/?p=2331#comment-1784 You miss the point here kiddo. This whole mess started as an attempt to address mortgage red-lining practices. That gets back to Barney Frank and Clinton, et al. That is not a right wing fantasy, it was an attempt to address a social wrong by throwing money at it. Later on the usual collection piled on and banks ran amuck. But, they are still intent on trying to fix the original problem the original way. Consider the target group for the original legislation. Consider that 46 million uninsured = 15% of the U.S. population, and who that 15% probably are. Think about who probably benefited from cash for clunkers. This whole past year has been about giving things to the core constituency of the Democratic party. Just because you are paranoid doesn't mean you are wrong. You miss the point here kiddo. This whole mess started as an attempt to address mortgage red-lining practices. That gets back to Barney Frank and Clinton, et al. That is not a right wing fantasy, it was an attempt to address a social wrong by throwing money at it. Later on the usual collection piled on and banks ran amuck. But, they are still intent on trying to fix the original problem the original way.

Consider the target group for the original legislation. Consider that 46 million uninsured = 15% of the U.S. population, and who that 15% probably are. Think about who probably benefited from cash for clunkers. This whole past year has been about giving things to the core constituency of the Democratic party.

Just because you are paranoid doesn’t mean you are wrong.

]]> By: dglinnehan http://blogs.reuters.com/breakingviews/2010/02/01/fannie-freddie-fiction-stores-trouble-for-future/comment-page-1/#comment-1710 dglinnehan Wed, 03 Feb 2010 01:01:29 +0000 http://blogs.reuters.com/columns/?p=2331#comment-1710 I agree with you, Agnes. It's high time Congress held Fannie and Freddie to account. I would also like to see the bank CEO's who are regularly hauled in front of Congressional committees pointedly ask our representatives how it is that these two behemoths are allowed to have a still-growing, "too big to fail" duopoly as plans proceed to have all other financial institutions trimmed to a more manageable size per the "Volcker rule". I agree with you, Agnes. It’s high time Congress held Fannie and Freddie to account. I would also like to see the bank CEO’s who are regularly hauled in front of Congressional committees pointedly ask our representatives how it is that these two behemoths are allowed to have a still-growing, “too big to fail” duopoly as plans proceed to have all other financial institutions trimmed to a more manageable size per the “Volcker rule”.

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