Freddie and Fannie
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China is heavily infested in Fannie Mae and Freddie Mac. More tax dollars to go to China.

http://www.npr.org/templates/story/story.php?storyId=94369826&ft=1&f=1001

Reader Comments
  
Freddie and Fannie
By C. Marvin Morley Sep 8th 2008 at 3:16 am EDT (Updated Sep 8th 2008 at 3:16 am EDT)
My opinion about this entire buy out thing is that either G Dubya finally found his conscience and really want to save people homes or quite simply its "POLIT TRICKS". A political trick to rally support for McCain. I have a feeling its geared more to rally support for McCain becuase if G Dubya had any coscience he would of done it from earlier in the year. POLIT TRICKS...WOW
Re: Freddie and Fannie
By rjsnj Sep 8th 2008 at 7:06 am EDT (Updated Sep 8th 2008 at 7:06 am EDT)
Not a trick but a plan! This is step one in privatizing both of them. Once they get back on their feet, the free market types will argue they should run as private corporations. That will totally destroy their mission of bringing affordable mortgages to the middle class. Hey, why would we need that when there won't be a middle class ... The immediate goal is to avoid an economic panic that surely would occur at a global level if either GSE were allowed to fail.