The Mudcat Café TM
Thread #112664   Message #2387065
Posted By: Bobert
11-Jul-08 - 08:36 PM
Thread Name: BS: Nationalize Freddie&Fannie NOW
Subject: RE: BS: Nationalize Freddie&Fannie NOW
Well, Donuel, I can see a scenerio where we could and should nationalize all lending... I think that we could use money that comes in from FICA (Social Security) to do so... That way there would be a return on the money coming into FICA...

My problem with antionalizing it now is the3 stock-holders... How will they be compenstated... You know whon they are... They are rich Republicans who have used the big Bush tax cuts to invest in lending...

Yeah, I know, they said they would invest in jobs and factories but they lied and sat back and lent money to the working class...

I don't want to see them rewards or bailed out because they haven't deserved to be abiled out or subsidized any more... They have had a free ride all along with Bush and I fera that if we nationalize FM & FMac now that, unless it is carefully structured, that it will amount to the last of the cash grabs by Bush's campaign donors...

Think about it!!!

B~