Bail out the foreigners, but screw the little guy.
From the AP:
"The main goal is to inject confidence into the foreign debt markets to ensure that the flow of capital to the mortgage market continues," said Howard Glaser, a Washington-based mortgage industry consultant who has worked for both Fannie and Freddie.
Great, what a fu<king relief that foreigners are going to be happier on Monday. Kind of like the Saudis were happy when Bush let them all run home after 9/11.
you really are a stupid myopic american aren't you? Use your kindergarten educated brain.
What the hell do you think will happen if the foreigners start dumping trillions of USD onto the open market because fannie/freddie folded? You think the negative impact of that event will be less than if some gambling shareholders in fannie/freddie got screwed as a result of this bailout? Your ass would be out on the street in these "foreigners" starts to dump craploads of your worthless USD. They are the freaking reason why your dollar is still worth anything!
Man, seriously, don't embarrass yourself as if you are a true patriot of this country, you are just an idiot.
But assuaging the foreign investors is only going to help for so long. The bailout will balloon the debt, the dollar will become even more tenuous of a bet, and the piper will eventually have to be paid.
My point is that while there were people saying common shares were worthless, there was also Paulson saying everything was just fine. So when your government lies to you, then takes your money, it's obvious that truth isn't the priority.
As for my mental state, idiocy is a few years off.