Was taxpayers money not shareholders. crony capitalist are what caused the collapse and tanked the entire economy.
You keep saying "Crony Capitalist", makes me sick. Name them #$%$. In simple terms, if you own your home or buying your home, you are a capitalist. If you have bought this stock and sold, positive or negative, you are a capitalist. You are a Crony Capitalist!!!!!
Fannie Mae had a total of $400 billion in liquid assets to bail themselves out -- that's a fact. There have been people in congress who have wanted to privatize Fannie Mae because they claim it creates a systemic risk to the American economy, save the fact that EVERY... SINGLE ... MAJOR ... BANK ... NEEDED ... A ... BAILOUT!
No go look up: Privatizing Fannie Mae, Freddie Mac, and the Federal Home Loan Banks
It's a bill that was written in 2004, and everything that has happened so far has come true in that bill. In the bill, they are pushing for shareholders to have a full stake in the new private businesses, and it's the exact same scenario that occurred with privatizing Fannie Mae. In other words, go eat crow.
Blah, blah, blah, blah, ad nauseam! As an investor, I prefer to leave history to historian.
The intelligent investor invest by projecting into the future, and not by looking into the rear view mirror, pal.
You are the only person I know who invests looking backwards
This kind of post is positive proof that your engine is leaking serious oil, eh.
1st FnF did NOT go into bankruptcy. Second, they are more solvent than most fortune 500 companies today. Third, Fannies almost got demolished back in '08 BECAUSE OF the Govt idiots putting Fannie into the sub prime world !!!! Had Fannie just remained as a backer of safer traditional type mortgages, it would not have needed the govt to "bail it out". ..and I wouldnt consider it a bail out...its more of like govt fixing its own fk up !!!!!!! ...Any response to this RICHEYBASHER ???????