Comments on: Fannie Mae and Freddie Mac Seized by the Government: Likely Results http://www.consumerismcommentary.com/2008/09/09/fannie-mae-and-freddie-mac-seized-by-the-government-likely-results/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: castocreations http://www.consumerismcommentary.com/2008/09/09/fannie-mae-and-freddie-mac-seized-by-the-government-likely-results/#comment-180249 castocreations Wed, 10 Sep 2008 18:48:45 +0000 http://www.consumerismcommentary.com/?p=3862#comment-180249 Tom...I suppose that may be true but I am still very uncomfortable with the government stepping in to this ... yet another step toward socialism in my view. And now the car makers want a bail out? Maybe we need the pain of failure in order to properly recover in a healthy manner. Not in a government (aka taxpayers) propped bandaid fix. Tom…I suppose that may be true but I am still very uncomfortable with the government stepping in to this … yet another step toward socialism in my view. And now the car makers want a bail out? Maybe we need the pain of failure in order to properly recover in a healthy manner. Not in a government (aka taxpayers) propped bandaid fix.

]]> By: tom http://www.consumerismcommentary.com/2008/09/09/fannie-mae-and-freddie-mac-seized-by-the-government-likely-results/#comment-180161 tom Wed, 10 Sep 2008 03:28:35 +0000 http://www.consumerismcommentary.com/?p=3862#comment-180161 Letting Fannie and Freddie fail would have a devastating effect on the world economy. I heard on NPR that both companies combined have a debt of $1 trillion dollars, that's more than almost every other country on the planet. Most of the first world nations own some part of both companies. If those bonds were to become worthless, it would destroy, not only the US economy, but severely damage almost every other economy in the modern world. The world is watching closely at the US gov't in this situation. If these companies fail, many foreign finance ministers said they will view this as a failure of the US financial system. It sounds all doom and gloom, but everyone they interviewed said that the US did the right thing in stepping in and taking over. Hopefully something positive will result. Letting Fannie and Freddie fail would have a devastating effect on the world economy. I heard on NPR that both companies combined have a debt of $1 trillion dollars, that’s more than almost every other country on the planet. Most of the first world nations own some part of both companies. If those bonds were to become worthless, it would destroy, not only the US economy, but severely damage almost every other economy in the modern world.

The world is watching closely at the US gov’t in this situation. If these companies fail, many foreign finance ministers said they will view this as a failure of the US financial system.

It sounds all doom and gloom, but everyone they interviewed said that the US did the right thing in stepping in and taking over. Hopefully something positive will result.

]]> By: MultifolDream$ http://www.consumerismcommentary.com/2008/09/09/fannie-mae-and-freddie-mac-seized-by-the-government-likely-results/#comment-180149 MultifolDream$ Wed, 10 Sep 2008 01:05:44 +0000 http://www.consumerismcommentary.com/?p=3862#comment-180149 You can hear a phone interview with Buffett at <a href="http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=9642526&src=finance&ch=1316259" rel="nofollow">link</a> You can hear a phone interview with Buffett at link

]]> By: cherryblossom http://www.consumerismcommentary.com/2008/09/09/fannie-mae-and-freddie-mac-seized-by-the-government-likely-results/#comment-180104 cherryblossom Tue, 09 Sep 2008 20:01:06 +0000 http://www.consumerismcommentary.com/?p=3862#comment-180104 What will be interesting to see is what happens to the two GSE's in the long term. Will the government let them live or will they be folded so that a free market solution can take their place. What will be interesting to see is what happens to the two GSE’s in the long term. Will the government let them live or will they be folded so that a free market solution can take their place.

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