A Question For The Educated
Can someone please explain to me the Freddie Mac and Fannie Mae bail out? Seriously, I am completely uneducated on this subject. I want to know how the Federal Government can bail out private investors to the tune of 5.8 trillion and dump an additional 200 billion cash into the companies. What would have been the economic implications if the Government had not of done that?
Let's discuss.
Labels: facts
posted by Big Pappa @ 9:43 AM
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3 Comments:
I think the funny thing is that the government really doesn't have any money. By that I mean, they are entrusted with handling our money for the purpose of funding enacted laws. But no, that would mean that would have to ask us what to do with our money, when they could just overlook that and do whatever they want. My guess is we the taxpayer will be eating this huge mess in endless inflation as they pay for things with printed money.
Some economists are saying that the economy is going to crash anyway but this bail out extended the day of despair out another 5 years.
I really think that they are going to keep printing dollars until they are worth as much as EC's. The problem is trying to buy bread with EC's doesn't work so well.
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