Quote:
Originally Posted by AVGWarhawk
Obama and keeping control. In a way, I'm ok with this. We see what happened when no one was looking. These institutions brought the world to a stop economically. I think this is good for a while. However, I would like my money back with interest after a while.  |
If you think there's even a remote responsibility that the Federal Government will do this for "a while" or that you'd ever get some kind of net profit out of your taxpayer dollars, I think you are in for a disappointment my friend.
What I fail to understand is how private banks are still seen as the causation of all this. Fannie and Freddy were by far the biggest subprime lenders, the state requires banks to give loans to subprime customers in some cases, and the Fed made subprimes the only reasonable approach to profitability by keeping the interest rates so low for so long.