Freddie Mac brass cash in as company tumbles

Any politician that supports government bailout of Freddymac and Fanniemae should be hung out to dry. Same goes for Hank Paulson who has been acting as a proxy for GoldmanSachs and the rest of the Wall Street.

They should be in jail crooks

This is bull. More of the same bull, but bull. Can anything be done? Or will I have to pay for this in April?

as stated at the Bernanke congressional hearing by an unknown (to me) politician- essentially- "the management and shareholders of freddy and fannie want to privatize profit and socialize losses"
couldn't have stated it more concisely.......

Conduct like this and the failure of the government agencies to police businesses is why the American people are losing confidence in the American financial system.Until the government starts charging these crooks under the RICO act and sending them to jail and stripping them of their assets investors will not invest in the market.The government seems more concerned with helping these crooks than prosecuting them

When will we ever learn or remember that the Republican party baits the people with tax cuts while hatching schemes to instead steal their money? Each time, the take is more enormous and destructive. Remember the trillion dollar S&L scam? Now we have the richly orchestrated mortgage meltdown. The irony here is that one of the chief architects of this monumental disaster to American wealth is the guy who called us whiners, Mr. Phil Gramm. Now, a large number of our people are about to vote for a guy who was censured for his role in the Keating/S&L scandal, Mr . John McCain. Vaseline sales should be great!

Let's see...Syron shouldn't be too hard to find in the property appraiser's office...and then a visit...

Very well said...Perhaps a "meager" 80k salary and performance incentives should be in place to deter this abuse. Wonderful the SEC stood by for so long, spending (wasting) time on pink-sheet/OTC fraud while this disaster was mounting.

Watch what is happening - not what you hear and think you see.
On Fri. the 11th rumors started regarding the two F's. The stock markets became spooked and started to turn South (like in down). Bernanke (or someone at the Fed) quelled these rumors with one of their own which was making the Fed discount window open to the two F's if necessary.
This was a ruse to quiet the markets and it was required due to the amount of foreign capital that is tied up in the U.S. in general. If they all took flight and called debt this country would go bankrupt. Given this situation the government is going to do whatever it takes to keep wall st. stable - even their own rumors.
On the 12 & 13 of never, the wizards of Washington put their heads together. Late Sunder the Fed basically retracts the "discount window" statement as it was never intended, nor do they have the power to do it. In steps Paulson who pledges Treasury backing. (He can do this on a temp. basis). He also says that Congress is going to act. (that's b.s.-unless he meant in a partisan fashiion?). On Mondya the 14th EVERYBODY is on TV, surpisingly all at the same time. The Pres, Bernanke, Paulson, Cox and all those from the hill that get in on the action. Day full of strong sounding messages that are supposed to convey stability. On Tue., lo and behold, both execs from the two F's say there never was a problem and look bewildered? I have to credit all involved with a better than expected snow job - it held through the 18th. Cox's short moritorium is neat - Declare legal trading illegal (sort of) without a valid reason.
The government is going after the Jay Gould rumor mongers. When are they going to charge Bernanke?
Did they scare the oil traders? That has other possibilities. We get to see on Monday. As much as I would like to see that market keep pulling back, I am not hopeful.
One good sign is that at least the government is trying - about freakin time.

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