Comments on: Government weighed down by bad mortgages http://blogs.reuters.com/commentaries/2009/11/12/government-weighed-down-by-bad-mortgages/ Now raising intellectual capital Sun, 08 Nov 2015 08:31:30 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: AlteredStates http://blogs.reuters.com/commentaries/2009/11/12/government-weighed-down-by-bad-mortgages/comment-page-1/#comment-6655 Thu, 12 Nov 2009 17:39:19 +0000 http://blogs.reuters.com/commentaries/?p=5305#comment-6655 Poor Freddie and Fannie, they don’t know what to do. It sounds like a bad marriage to me. And, guess who will pay for the banks’ mistake? Hmmm…that’s a tough one. Oh! It’s us, the taxpayer.

The question is why? Why shouldn’t the banks pay for their own mistakes? We do, don’t we? The banks have enough money to more than pay for the mess that they created in the first place. But, the ruling class (Wall Street) don’t like to pay for their own mistakes. On the up-side they are capitalists, and on the down-side they are socialists. What a convenient way of doing business. You can’t loose if you are a bank. Gee, if only “we” could figure out a way for someone else to pay our debts. That would be a great day for everyone who works for a living.

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