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Posted by: silvera 1 year, 3 months ago

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silvera1 year, 3 months ago

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To all you cons out there that throw the word, Socialism", around like you know what you were talking about, this is what it really smells like. Soon the distinctions between corporations and the government will be completely erased and you won't have Obama or Karl Marx to blame, only yourselves, for putting that bozo and his pals in the White House.

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  nostalgia1 year, 3 months ago
  
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  This takeover was set up by the housing bailouts bills - Dodd in the Senate and Barney Frank in the House
  Look what Frank said about this takeover
  Frank Confirms Treasury Intervention
  To Shore Up Fannie Mae, Freddie Mac
  Rep. Barney Frank (D., Mass.) confirmed that Treasury Secretary Henry Paulson is planning government intervention to back troubled mortgage giants Fannie Mae and Freddie Mac.
  
  The chairman of the House Financial Services Committee said in a statement Saturday that Mr. Paulson "intends to use the powers that Congress provided it" in a law passed in July to keep Fannie Mae and Freddie Mac stable and functioning
  http://online.wsj.com/article/SB122072588739407007...
  
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    wtagg1 year, 3 months ago
    
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    I think you will find that this will be supported on a bipartisan level. It will confirm that both parties want the government to grow bigger as if that is something that isn't already painfully obvious.
    
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      nostalgia1 year, 3 months ago
      
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      It certainly is bipartisan
      When you look at the Dodd bill only 9 Senators voted against it
      
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    quackpot1 year, 3 months ago
    
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    The need to fix the problem is obvious.
    
    It should also be obvious, however, that steps need to be taken to make sure that similar problems don't happen again.
    
    The Republican approach of deregulation has placed the most sensitive areas of the economy in the hands of a few con artists, and the public is now paying the bill. The voters need to JUST SAY NO to more of the same.
    
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