tag:blogger.com,1999:blog-10424035.post4434666776736963443..comments2023-09-11T08:58:24.710-06:00Comments on Reach Upward: Buying a Pig In a PokeScott Hinrichshttp://www.blogger.com/profile/11831447472339880148noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-10424035.post-36073815875808596042008-09-09T20:08:00.000-06:002008-09-09T20:08:00.000-06:00What you are saying is that we actually nationaliz...What you are saying is that we actually nationalized this segment of the mortgage industry years ago. We just disguised it by having corrupt front organizations that traded public shares. Now that the gig is up, we are simply being honest about who really owned these mortgage companies all along.<BR/><BR/>This makes the Enron debacle look rather minor by comparison. It also seems like something out of the Sopranos, only on a much grander scale.Scott Hinrichshttps://www.blogger.com/profile/11831447472339880148noreply@blogger.comtag:blogger.com,1999:blog-10424035.post-18941500872846363482008-09-09T00:30:00.000-06:002008-09-09T00:30:00.000-06:00I don't know if one should call this takeover as n...I don't know if one should call this takeover as nationalization as the taxpayers already owned the risk. <BR/><BR/>IMHO, these two dinosaurs from the New Deal did their real damange to our country as the quasi-government insured loans were a prime factor in driving housing out of the price range of so many people.<BR/><BR/>The fact that pretty much every one of FDR's New Deal creations has created a crisis for people down the road has yet to phase any of the New Deal worshippers. <BR/><BR/>The really funny thing is that Obama is loudly proclaiming that he would have had the government take over of Fannie and Freddie earlier ... as if politicians haven't been mucking with these programs since their inception.y-intercepthttps://www.blogger.com/profile/03389285761013186443noreply@blogger.com