"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Stop Mortgage Investor Bailouts
Submitted by Melinda L. Secor on Sun, 2011-10-23 01:00
in
"It really is frustrating when banks, institutional investors, and hedge funds make money off of taxpayer bailouts of the financial industry. That’s a travesty well worth skipping a week’s worth of showers for. Unfortunately, we cannot roll back time to reverse the TARP bailout. We can, however, stop a bailout going on right now: taxpayer money flowing through Fannie Mae and Freddie Mac to mortgage investors to ensure they don’t suffer losses from families defaulting on mortgage payments."
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