"Too big to fail" was the verdict in the U.S. Treasury decision to backstop mortgage lenders Fannie Mae and Freddie Mac. But is the taxpayer risk of moral hazard still as big as ever?Holy Islamo-Fascist-Zionist-Communist Flying Rodent Perkin!!!
Investors trashed shares of these government-sponsored enterprises last week, knocking them down almost 50 percent on a wave of bankruptcy rumors. Former St. Louis Fed President Bill Poole argued that, technically, the two are already in bankruptcy, while fears spread they couldn't even raise overnight money to finance their operations.
[ cf The Saga Of Fannie And Freddie ]
Didn't anyone explain to him that when the Unitary Executive Principle is in action, then all actions are the actions of the War President!!!
And any form of stabbing our troops in the back by discounting the total divinity of Divine Being of the TruthierNeff of the Greatness of Great Leader!!! Is stabbing our troops in the back!!!
And that is a T-Word!!!
Thank GOD we have RoboBushCheny!!!
They bring the greatness of great things to the Unitarian Executive Principle that the God Hating America Bashers of Trinitarianism have merely revealed that as Polygamist Worshipers Of Pantheism they do not know what the TRUE Tax Cuts Really ARE!!!
Which of course is what our troops are figthing for.... True Tax Cuts that is....
You know, so that there will be the too big to fail and not matter what sort of a complete cock up you make it is not like you were running around like some drunk prom queen with daddies credit card servicing the fleet...
All Hail Great Leader for putting the fisc back into fiscal conservativism...