Today is the day when any pretense of fiscal conservatism can officially be kissed goodbye. Today the US Taxpayer is made to pay for the incompetence of the Fannie Mae and Freddie Mac management to the tune of hundreds of billion of dollars. This paragraph sums the situation up best:
"But even after the government seized the mortgage finance companies on Sunday and dismissed their chief executives, the companies’ outgoing leaders could see big paydays — a prospect that angers many investors, particularly because ordinary stockholders could be virtually wiped out."
We are paying for golden parachutes with our tax money. Welcome to slavery
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