Tuesday, September 30, 2008

I didn't know that houses were risk-free.

Interesting video from 2004 about the whole Fannie Mae and Freddie Mac catastrophe...



Personally, I don't want the people responsible for causing this mess to be responsible for fixing it. Cos they won't.

So very glad that the bailout was voted down. I like it when our representatives actually listen to us.

6 comments:

Andy said...

90+ dems vote against the bailout and it's the Republicans fault....

Tommy said...

Yup.

Andy said...

Obama: We're going to make those dept that work work better.


............

Anonymous said...

Random Notes:
1. This was the most C-SPAN I have ever watched in my life.
2. I'm never going to buy a house ever unless it's with cash.
3. Something's gotta be done because I want my parents to retire.
4. The both bailout ideas suck due to partisan bullshit by both sides.
5. If one more bank gets bought out, I'm going to keep all my money in Ziploc bags.

Andy said...

Did you know this Paulson character will be able to do what he wants with the $700bil? WTF!! More I read about this bailout business the more I want to live at my Facebook Country.

Andy said...

Hey! We won and actually moved UP in the polls!