I see by the morning paper that we, the taxpayers, are going to buy Fannie Mae and Freddie Mac. It's going to cost us "billions of dollars" according to the article.
Why are we bailing out companies that knowingly gave mortgages to people who couldn't afford them? If a mortgage holder has been defrauded by a company, he should have legal recourse. If a company has been defrauded by a mortgage holder, likewise. Other than that, let them eat cake.
Just watch - I'll bet the bailout goes into the pockets of some fat cats on Wall Street. It's the S&L bailout all over again.
Are we on the same side this time, Doug and Tim?