Hmmm

Was it in the best long run interests of the country for the government to take over Fannie Mae and Freddie Mac?
I don't know...maybe..but my libertarian instincts tell me it is a scam to rip off the taxpayers once again...except this time instead of taking your money to redistribute to the 'poor' the government is taking your money to give to the banking industry.

In my way of thinking corporate welfare is no better..in fact worse..than redistribution of income to the lower income bracket in the name of 'equality'. Government backed loans to help a business overcome tough times not of their own making is one thing...but to use your money to save bankers who made bad loans is another.

Yeah, I understand why it was done...there is fear that if the Feds do not step in the whole fucking house of cards will fall. But maybe that is what the country needs....sometimes we have to hit dead bottom before we can climb out of a hole. Was the collapse of Fannie and Freddie dead bottom of the hole and will the Feds now running the mortgage start us climbing out of the economic mess some think we are in?

Time will tell I reckon..but I have this idea that the Fed taking over is going to cause a lot more problems than it solves...the Federal government seems to always fuck up whatever it touches.