Calling for an American Financial Revolution

once again the little guy WILL PAY THE TAB, just like oil wasn't a huge speculation, fannie and freddie WILL COST taxpayers a lot more than we all would like to think and believe right now, I do not own shares in either gse but I am feeling for the ones that do and got caught cold in this dirty game of highly manipulated markets where the GUYS are taking once again the more easier way of letting someone else pick up the trash, when is enough ENOUGH, I guess as long as the bulk of investors can and will get scamed it will never end, sorry for America, this is who we are this is how WE "make" it:-(((!

Yes, the problem is a result of mismanaged risk. The problem will be exacerbated by the continuing bail-outs of all parties that mismanaged their risk - lenders and borrowers. The only way to reduce future mismanagement is to allow failures at both the corporate and individual level. Economists who argue in favor of bail-outs remind me of those who, as late as last year, said that the low savings rate in the US didn't matter because rising home equity would support people in retirement. That's voodoo econamics no matter which party is in office.

While some will say that this is 2008 and one can not compare this era to any other, they are mistaken. The systems that made America great were uniquely our own. These systems of free market capitalism, tempered only with a rational amount of regualtion, were "The goose that lay the golden egg." In just a few short years, we have seen fit to kill the goose. Now we have aligned ourselves with european systems that ensure a priviledged class and a sea of mindless drones sucking down episodes of American Idol and NFL Sunday, all the while unawares their lost liberty and opportunity to succeed. What's next? The Obama/Pelosi "Gulag Archipelago"

Did someone do something wrong? Who's Fannie and Freddie?

Somebody needs to start calling the local medical schools and let'em know yahoo has made off with one of their cadavers!

Instead of buying insolvent companies, Treasury should have bought the CDO's to minimize overall exposure. Now the taxpayer is stuck with the risk while the banks get off the hook. The Fed will be pumping out more paper that will devalue the Dollar, cause more inflation and make the national debt for this buyout bigger than our GDP. I don't buy their estimates of how much this will cost because the final pricetag is ALWAYS exponentially higher. It's simply another favor Paulson is giving to his Wall St. buddies so they can keep their bonuses, while get stuck with the bill. This is cronyism at it's best and will only deteriorate the economy in the long run.

When is the gov. going to bail me out of my bad stock investments?

Fannie and Freddie are government subsidized mortgage institutions that our Congress is responsible for. It's another democrat-initiated financial fiasco started by Franklin Roosevelt who also initiated our mismanaged social security system, and TVA -- another government pork-laden dinosaur. Freddie and Fannie became too big to allow failure. So who allowed them to get that big? The democrats. Now comes the bail-out. At the end of the day the democratic party is a bunch of socialists. What's our governement doing in the mortgage business anyway? What's next -- government assisted used car sales? And who is accountable for this mess? Isn't it nice that nobody gets blamed? Everybody knows who pays the tab, but nobody is accountable. The free-fall will continue until mortage-lending is based on accountability, which nobody wants to own up too. That's too bad for the tax payer.

The solution is to get Government OUT of our lives. Each Decade it gets worse and worse, it won't be long before you work and the Feds send you a check each month of what they think you should have. Thousands of jobs were lost when the EPA mandated stricter rules for deisel trucks, now the price of deisel has soared because they try and make it "clean". Think of the Billions wasted on Ethanol, and we all know that it takes more energy to create it than it gives back, plus you take a food crop to produce it. Lastly, now the Big 3 are hurting because the CAFE standards are being raised to levels that just don't make sense. You'll have to accept small, lightweight cars which don't do well in crashes just because of group of wackos put the fear into everyone that humans are causing global warming. Politicians should never decide how you live your life...that's been tried, it's called Communism.

This sucks! Let the home prices fall so they are reasonable again for the common man.

Nothing big had happened. Wall street just got another big empty check. Government just gave wall street big governmental pardon- “ do what ever you want my son, I’ll cover it”.

Fannie and Freddie are government subsidized mortgage institutions that our Congress is responsible for. It's another democrat-initiated financial fiasco started by Franklin Roosevelt who also initiated our mismanaged social security system, and TVA -- another government pork-laden dinosaur. Freddie and Fannie became too big to allow failure. So who allowed them to get that big? The democrats. Now comes the bail-out. At the end of the day the democratic party is a bunch of socialists. What's our government doing in the mortgage business anyway? What's next -- government assisted used car sales? And who is accountable for this mess? Isn't it nice that nobody gets blamed? Everybody knows who pays the tab, but nobody is accountable. The free-fall will continue until mortgage-lending is based on accountability, which nobody wants to own up too. That's too bad for the tax payer.

This is just the next step to socialism, period. Now that the tax payer is on the hook for bad mortgages the playing field is equal. Those who are not responsible for their actions are equal to those who are. Those who lived within their means will make up the difference for those with pie in the sky dreams. Now that the taxpayer is the final garreteer of mortgages in this country every idiot can definitely own a home. If they can't pay for it, no problem, the taxpayer will do that. It's sickening. Wait and see the piles of regulation that will be coming down the pike. Regulations that those of us who are responsible people will have to adhere to. All the while the idiots will continue as they do, fail, and pass the failure along to their neighbor. I'm disgusted with America today!!!!!

Once again those at the top of the financial food chain are getting a pass at the expense of the general taxpayer. We need a changed mind set in the laws and general population that failure should be observed by all and paid for by those at fault and not the general population. We carried out a refinance a few years ago so that we are no longer obliged to pay a bank, but a family member that had enough assets to carry our remaining loan. We live below our means in order to stay more financially secure. The federal government has no money with which to take over a financial block. All of the federal government’s “money” is either printed on demand which causes devaluation and inflation, or taxes which eat away at the earnings of again the individual. The current mortgage problems are the result of a few individuals that need to be held accountable in the harshest of terms. Unfortunately they are so highly connected in the CORRUPT political circles their names will never be revealed and they will not be harmed by this in the least. Once again the change we need is political accountability, and bailing out failing financial systems is NOT promoting the general welfare. It seems more like the goal today is to put the general population on welfare. Bring back the gold standard so we can put an end to socialism and cronyism.

Fiasco, Ha? Short memory you have. Why everybody was looking other way when the hijacked government was twisting “Fannie and Freddie” hands forcing acquisition of already dead mortgages few month ego.

Buy crap, get burnt

As China is becoming more and more a Capitlist country, the USA is looking more and more a Communist country. Our government is buying out every major corporation with the people's money. They already own the financial institutions, water, farms, real estate, utilities, maybe they should and will bailout all of the people who are in debt and take over their houses. Communism is complete, the government now owns everything under the disguise of saving them from ruin. Maybe that is why they employ 50% more employees than they really need to run all level of government, they were getting ready for the big day.Has communism taken over the USA?

Instead of letting small coffins with toxic waste drown, and keeping big ships carry the core of economy, they forced the big ship take aboard the waste. Now we have the glowing in the dark small coffins and drowning the big one. How do you expect to carry economy? By the way, a year ego they were screaming – “This is nothing, by winter every thing will be perfect!”. Where is the perfect? Wait, the manufacturing will start die as lost of demand for construction materials will reach factories.

As China is becoming more and more like a Capitalist country, the USA is looking more and more like a Communist country. Our government is buying out every major corporation and industry with the people's money. They already own the financial institutions, water, farms, real estate, utilities, maybe they should and will bailout all of the people who are in debt and take over their houses. Communism is complete, the government now owns everything under the disguise of saving them from ruin. Maybe that is why they employ 50% more employees than they really need to run all levels of government for the past 35 years, they were getting ready for the big day. Has Communism taken over the USA?

Oh God! For the next two years we're going to be bombarded with news reports about everything and anything that media propped "superstar Yale economist Robert Shiller" does. From the toilet paper he uses to his latest and greatest idiotic solution to the mortgage mess. The guy's an idiot!