This I want to hear

so free market is only good when it comes to throwing welfare mothers out into the street, or a small business fails?

but the true capitalist would let the market decide

how can you support or justify the price of oil skyrocketing, but at the same time, support or justify government handouts to billion dollar corporations who obviously didnt know what they were doing?

if they fail, then so be it, free enterprise means no govt handouts, whether its nationalized medicine, or social security or what have you.

i dont have to come up with a plan if a private company fails, thats what they get paid (quite well) for

and when you say the govt is bailing them out, last time i checked, the government gets their money from you and i, so i personally wouldnt care if fanny mae falls on her fanny

these same bankers think nothing of throwing someone out in the street and ruining their credit when you or i fall on bad times. AINT NUTTIN PERSONAL, ITS JUST BUSINESS

well, this too is business

you are the same guys who boohoo any and all govt programs to help people, but corporations you support it?

and you say liberals got it wrong? one thing i gotta admit, george is lucky to have guys like you lapping up his policies

you are true patriots

telll you what, if they give back the billions in profit they made, then we are on to something. but you and i know that aint happenin

so let them figure out their problem, as far as homes being foreclosed

what is the umbrella you have for when people cant pay their mortgages? government assistance?

you would scream bloody murder

Raafi whatever you just said made no sense to me at all....

I don't think Raafi has an understanding of what Freddie and Fannie are, or what them going broke would mean to the World's economy.

And as for AIG, I hope Raafi can absorb the 500% to 1000% increase in his homeowners insurance policy.

Theres no other home insurer then A.I.G?? No other lender then Freddi and Fannie? If they failed then others would pick up the pieces and grow. if we bail them out then capitalism has failed. Theres no responsibility left. hell why play by the rules, the govt will bail us out. Its time people learned to live within their means and stop borrowing for everything anyways. let them fall. hard lesson but a important one for the future to remember.

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Several good points are often ignored.

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Dying ain't much of a living...Boy.

you pay $50,000 for a house, with dollars that are already inflated in value

the bank charges you interest, which after 30 years, that house is costing you $120,000

the housing market increases and your home is worth $200,000, you are happy, the banks are happy, bush and his bean counters are happy

everyone is working off of this over-inflated number, the banks, you, the real estate broker, the new buyers, everyone

does any of this make sense for a house that is truly only worth $50,000?

only in the land of devalued currency, because in the real world, that house is still only worth $50,000, if that

as long as we have this fluid economy, where things are worth one thing today and a different value tomorrow, a balloon will eventually POP when it reaches its maximum point of inflation

LOL only if it was that easy...

Who exactly would pick up the slack of the $6 trillion dollars in mortgages that Fannie and Freddie cover?

What would be the reaction of all the governments around the world if their investments in Fannie and Freddie, with their implied backing of the U.S. government,suddenly were worth zero? Would they suddenly find they had a lot less money, or would they continue like nothing happened?

AIG going down would invalidate all of the insurance policies they hold. Do you have any idea of the scope of their business dealings?

Obviously not.

its like beating yourself in the head... I don't think they could ever understand.... Or far as that goes even want to understand..