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May 21, 2013
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 Markets Respond to Fannie, Freddie TakeoverPosted on Sep 8, 2008Investors have been throwing money at stock markets the world over following the news that Fannie Mae and Freddie Mac have been placed under federal conservatorship. Some analysts are confident that the move will stabilize the mortgage giants and, in turn, a tanking housing market. With hundreds of billions of taxpayer dollars on the line, let’s hope they’re right.
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Too Soon to Tell: The Case for Hope, Continued
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By Tony Wicher, September 8, 2008 at 5:08 pm Link to this comment
Aegrus,
I read in several reports of the takeover that
“Under the conservatorship agreement, shareholders’ equity will not be eliminated, though common shareholders will be last in terms of claims on the GSEs assets.
Preferred shareholders will be placed second, after common shareholders, in absorbing losses”
Is there a silver lining for us the people? Maybe the greed of the wealthy is slowly forcing the government into socialism whether they like it or not. The health insurance industry is next. It’s going to happen when even business wants it.
Report thisBy bookworm, September 8, 2008 at 3:21 pm Link to this comment
(Unregistered commenter)
Aegrus,
I assume you are seeing how America has become a Corporate entity rather than the Republic it was intended and designed to be. While I agree with your sentiments the socialism reference is something you need to do more research on prior to aligning socialism to the needs of any corporate entity. Rather than go in to any sort of discussion via these limiting comments I defer you to some excellent information on that and many other topics. “The Age of American Unreason” by Susan Jacoby. It is an amazing read, very well documented and wholly enlightening on how we as Americans have enabled our country to be taken over by the needs of corporations.
Report thisBy Aegrus, September 8, 2008 at 2:16 pm Link to this comment
Boy these huge corporations sure do love themselves some socialism when their entire way of life is at stake. Wall Street seems to enjoy Socialism a lot too.
Socialism for those with tons of money, that is. Not for you and me. That’s Marxist, right? Taxes are the enemy when corporations have to pay them, but when you and I pay taxes… that’s just good government for business. Americans live solely to provide taxes for corporate subsidies according to the elite campaign John McCain is employed by.
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