While a very heated debate on FOX News was entertaining to watch today, it just made me shake my head. The whole Fannie Mae and Freddie Mac debacle has turned people absolutely crazy - namely, Barney Frank.
O'Reilly and Frank face off on the topic of Fannie Mae and Freddie Mac.. and, well, didn't agree on much. Or anything, really.
What caused this whole financial mess, anyway? For me to get into it now would probably take up a whole three posts (if I actually wanted to do extra research too). But basically: 1). G'vt's lovely prgrams such as Fannie Mae (oh.. and the people behind it) Yes, let us give out tons and tons of money to low-income people. Genius. 2). Banks. Don't give out money to everyone. 3). Stupid consumers. Don't "buy" everything you see - that mortgage? You eventually have to pay it back.
Heck, the face off is worth watching yourself. Here it is. Have fun, enjoy, and shake your head in disbelief at the genius minds behind the Government!
1 comment:
A rant, indeed. A good, old-fashioned diatribe. Nice job, Kelly! And good link to O'Reilly. Now that I have a link, I will be checking your blogs whenever I get a chance.
Uncle Dan
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