http://www.leadpile.com/lead-exchange-blog/2008/09/17/government-bails-out-iag-with-85-billion/ Leadpile - The World's Largest Lead Marketplace / Lead Exchange - Where Lead Buyers and Sellers Meet! Thu, 29 Sep 2011 15:20:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.leadpile.com/lead-exchange-blog/2008/09/17/government-bails-out-iag-with-85-billion/comment-page-1/#comment-3114 Marc Y. Wed, 17 Sep 2008 22:39:56 +0000 http://www.leadpile.com/lead-exchange-blog/?p=4644#comment-3114 It's definitely a rough situation across the states right now. The federal government is always stuck between a rock and a hard place, in my opinion. If they act, something doesn't go according to plan and the media blows it up to the equivalent of the Watergate Scandal. If they don't act, the media points fingers all over the place while getting to use their two most FAVORITE words in the English language: blame and fault. With Fannie Mae and Freddie Mac, the federal government determines what they can and cannot do, for the most part, so it was a good move. Not to mention, the combined existing mortgages that they guarantee are greater than the gross domestic product of every country in the world except for the top seven. As far as bailing out private companies or publicly held companies...not a big fan myself. But, they did save quite a few jobs and could have prevented a lot more damage to the economy and the global markets. It’s definitely a rough situation across the states right now. The federal government is always stuck between a rock and a hard place, in my opinion. If they act, something doesn’t go according to plan and the media blows it up to the equivalent of the Watergate Scandal. If they don’t act, the media points fingers all over the place while getting to use their two most FAVORITE words in the English language: blame and fault. With Fannie Mae and Freddie Mac, the federal government determines what they can and cannot do, for the most part, so it was a good move. Not to mention, the combined existing mortgages that they guarantee are greater than the gross domestic product of every country in the world except for the top seven. As far as bailing out private companies or publicly held companies…not a big fan myself. But, they did save quite a few jobs and could have prevented a lot more damage to the economy and the global markets.

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