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Direxion Daily Financial Bear 3X ETF Message Board

  • quailrunrd quailrunrd May 13, 2009 2:48 AM Flag

    Comparisons need to be made

    Fannie and Freddie get taxpayer infusions of 8.3 billion a month. They make/manufacture nothing. They just work hand in hand with the banks assisting banks to generate revenues.

    GM manufactures cars. They lose about $2 billion a month due primarily to UAW refusing to cut pay comensurate to foreign auto workers. But they make things, nevertheless.

    Where best to waste taxpayer money, subsidizing bogus mortgage business/banks or companies actually trying to make things of value?

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