Let Fannie, Freddie and AIG Collapse! The government is hell-bent on bailing out Fannie Mae, Freddie Mack and AIG with $700 billion of our tax dollars. These institutions acted irresponsibly by granting loans to people who had no business getting them in the first place and other institutions bought into these bad loans.
Screw 'em! Let them collapse!
With all the gimmie-gimmies in the country demanding nationalized health care and everything else the government can provide, we are headed towards becoming the United Socialist States of America anyway. So why not just let those lending institutions collapse and get the process of becoming the USSA completed even faster?
Why pussyfoot around? It's what the idiots who plan to vote for Obama want anyway!
Ahem. I'm not ready to give up on the good ol' U.S. of A., but it is frustrating to see that we, the taxpayers, are being forced to bail out these irresponsible companies. It is like bailing out a Las Vegas high-roller after he/she lost at the craps table. $700 billion is a bit too much to stomach.
I hope that a special investigator is appointed to see who is responsible for this calamity and prosecute those people who made out like bandits (Raines, Johnson, Gorelick, et al.). They should be prosecuted for profiting from cooked books if evidence is found.
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