Government Leap Into Fannie, Freddie 'Sinkhole' Buys Time for Financial System

Bend over Mr.Taxpayer, weve come to F#@% you all!!!

Government in all its forms is simply too big!! Many things are wrong. Rediculous pension plans. Wages in the public & private sector are way out of hand. Working for the government was considered honorable work but not a financial win fall as it is now. CEO's are way over paid, especially their severance packages. We are already taxed to death.There is much more: conflict of interest in running the financials of this country, let's get independent auditing firms to determine what the congress has to work with. How about mandatory debt reduction payments against the $9Trillion+. Let's find out what is really going on. Let's make the gov. operate like a company that has to be accountable to stockholders. Wall street models are too greedy. What's wrong with 6% growth/yr? Depressions do devaluate assets that need devaluating. A quote from Edmund Burke about 200 yrs ago " All that is necessary for the triumph of evil is that good men do nothing". There is alot of evil going on. Only in God do I trust. When do we wake up and do something about this America?? Our freedom is at stake!!!

This means we either VOTE AGAINST THE REPUBLICAN NATIONAL COMMITTEE (GOP) - as free americans or we take more radical action - which personally I hope we don't need to do. Really, it's time we GIVE THE BUM'S RUSH TO THE REPUBLICAN NATIONAL COMMITTEE for this obscene management crisis. We can't teach them that if they do this we still love them. Our love of God and Country is unconditional. OUR LOVE OF THE REPUBLICAN NATIONAL COMMITTEE *IS* CONDITIONAL.

What will happen to common shareholders? Will Fed. pay off as they did in Bear Sterns? Is it worth to hold the FNM stocks as they are already down to earth? Someone Please advice.

"What will happen to common shareholders? Will Fed. pay off as they did in Bear Sterns? Is it worth to hold the FNM stocks as they are already down to earth? Someone Please advice." FNM and FRE are a great buy at a buck give or take IMO. They went in conservatorship, what that means to FNM and FRE is new management, no more divi's, stock keeps trading on the open market, stock does not get liquidated. They have the same amount of debt as they did last week, nothing new there. Now they have the government backing up the debt. Maybe bad for tax payers but not bad for FRE and FNM as a company.

So what are we to do? Hold and buy more on dips to average down? Or just cut our losses and move on?

We need a revolution...with guns and the masses

who are the rich getting richer here? if this thing wasn"t supported our entire credit market would have collapsed since fannie and fred where just about only ones buying up that poison paper known as mortage paper where else would the money come from?? all banks insurance companies investment houses institutional funds are already getting dragged down with these bad loans there was no option except complete utter collapse of the us banking system

Did the US taxpayer just get screwed big time!! Hello??? They've just added $5 trillion to the national debt. You'll be paying for the rest of the 21st century - compliments of GWB.

Did the US taxpayer just get screwed big time!! Hello??? They've just added $5 trillion to the national debt. You'll be paying for the rest of the 21st century - compliments of GWB.

Did the US taxpayer just get screwed big time!! Hello??? They've just added $5 trillion to the national debt. You'll be paying for the rest of the 21st century - compliments of GWB.

Actually, the F+F bailout will not entirely avert a negative impact on the financial markets- because of the circumstances of the bailout there are instruments out there based on those stocks, insured by various companies, that will not show profit for about five years. As a consequence, those insurance companies will make payouts, placing an additional burden on the market as a whole. Just as an example, what if AIG went under? Would the government bail it out too? This rush to buy is a clown stampede- the overall trend is still downwards.