Quote:
Originally Posted by kane
I might be wrong here but without the bailout Fannie Mae would no longer exist correct? Had they gone under without a bailout those bondholders would have gotten nothing. At least now, eventually, they will likely get something.
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no different that GM, you dont see GM stockholders being forced out.
Quote:
Originally Posted by TheSquealer
"The bailout was borne out of the government?s desperate attempts not to put the two companies? trillions of debt on its books. Even though the government thought they were worthless, the common stock and preferred stock were left outstanding, so it could be argued that the two government-sponsored enterprises were still independent. At the time, the government likely thought this wouldn't be a problem because Fannie and Freddie were thought to be insolvent.
But by 2012, Fannie and Freddie unexpectedly turned back into profitable firms. Seeking a way to keep the common and preferred stock worth nothing, the government changed the way the two paid their dividends in a fashion that meant all dividends went directly to Treasury ? that any remaining common and preferred-stock holders would receive nothing."
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Exactly, the us government forgot to check legalities..
Quote:
Originally Posted by ajrocks
I don't think it was a loan as much as a forced bail out. They should have all the money returned to tax payers as soon as possible.
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like GM and AIG right, oh wait a sec...
Quote:
Originally Posted by Vendzilla
Hey, you know that most of the deficit is borrowed from Social Security right?
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That might be true and most people who get ss compensation especially veterans and retirees certainly deserve that, BUT our government is squandering money left and right on all kinds of shitty stuff.
Everybody says yeah return it to the tax payers, yeah right tax payers will never see a dime of those billions. goes right into the federal budget to be wasted away.
Quote:
Originally Posted by SleazyDream
yeah, who'd have thought the government would actually want their loan money BACK????????
they should have let the fucking company fail and let all the investors loose everything if America was capitalist.
idiot
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exactly, it is called investing for a reason.
Quote:
Originally Posted by beerptrol
They didn't steal shit you dumb fuck!
"What kind of anti capitalism is that?"
The kind where the gov bailed their ass out instead of letting them go under like a real capitalist would have
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you are right, they didnt steal cause that would be illegal
