historians_13th: blog 
historians_13th's blog
meet fannie mae & freddie mac
Published Jul. 25, 2008
They have a "Help Wanted" sign in their window{;o)
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Being alive subjects one to being a paradox, I freely admit that I might have that problem. Depends on who is doing the allowing to get so big ;) I don't think it should be government regulated, I think that people should think before shelling out their cash. I intentionally try to use small businesses for whatever I can, if I can.
GOLO member since June 20, 2008
July 25, 2008 11:06 a.m.
I couldn't agree more with this statement. This is an argument that I have often with my mother (who thinks that I am a communist, except that I am a Libertarian.) " - Cleopatra
How could you be a libertarian and agree with that statement?
GOLO member since July 25, 2007
July 25, 2008 10:46 a.m.
July 25, 2008 10:36 a.m.
I couldn't agree more with this statement. This is an argument that I have often with my mother (who thinks that I am a communist, except that I am a Libertarian.) I think the problem with big is that everything becomes about numbers rather then reality. This country is too big, the businesses are too big, the communities are too big. And it's big trouble.
GOLO member since June 20, 2008
July 25, 2008 10:27 a.m.
GOLO member since October 18, 2007
July 25, 2008 10:11 a.m.
GOLO member since October 17, 2007
July 25, 2008 10:09 a.m.
GOLO member since October 17, 2007
July 25, 2008 10:09 a.m.
But investment bankers are clever fellows. In cahoots with the ratings agencies, they came up with a way to magically transform a low-rated security to a high-rated security. (The culpability of the ratings agencies -- Fitch, Standard & Poor's, Moody's -- should be not underestimated. It might be helpful to think of them as the bribed referees in this game.)
GOLO member since October 17, 2007
July 25, 2008 10:08 a.m.
After a mortgage lender makes a loan to a homebuyer, that loan is packaged up with a bunch of other loans into a security -- a financial instrument that can be traded. Securities are rated by rating agencies according to the chances that the underlying assets will be defaulted upon.
GOLO member since October 17, 2007
July 25, 2008 10:08 a.m.
GOLO member since August 7, 2007
July 25, 2008 10:07 a.m.
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