Government to wipe out Fannie/Freddie shareholders by Sunday

Where did our government get 800billion dollars to just give them?

This is like a how to do film on destroying a nations economy or something, wait until the market opens on Monday.

To think that they are using MY TAX money to bail out these irresponsible lenders and housedebtors really chaps my hide.

This is not fair. The government needs to STAY OUT of the market.

That $800 billion dollars should be used to pay down the national debt, not ADD to it. Let the idiots who are responsible for this debacle suffer. I have rented for the past 8 years because house prices were inflated beyond what I was willing to pay, and now they want ME to pay for their foolishness?

Fannie and Freddie executives should receive a big bonus and a golden parachute for their greedy handling of the lending. OF course, government regulators are not without blame because they shut their eyes to what was happening. Now, we all must pay, that is, everyone except the executives who controlled the lending. As a part of a small community bank which is stoutly regulated by the OCC, my resentment shows.

This is just another symptom and result of the end of the wild ride our economy was on.
Our government and financial institutions were totally asleep at the wheel while we borrowed trillions of dollars from overseas to binge on needless consumption and mind-boggling speculation on housing.
Hopefully, our society will now learn some important lessons about not mortgaging our collective and individual futures.

When is Congress going to learn that Wall Street needs to be regulated to insure investor confidence in the reliability of the markets.Regulations regarding accounting practices a investment banking need to be established and strictley enforced

If this is the "bazooka", its just the beginning. But what will the "large Hadron collider" kept in the clost look like, uhh?

Yes, the government should stay out of the market and stay out of my way.

something is wrong with our economy. bailouts after bailouts. not going to end for YEARS. hold on tight

I just don't know what is happening in America. It seems that no one is held accountable for their actions anymore. In this case we have a relatively few individuals who have cause monumental financial distress to thousands and nothing is really done. Yes, they are fired, given severance, and then go on to another high paying endeavor. No discomfort, no loss to them personally. The government should stay out of these bail outs. Has anyone ever seem the government run anything without it ending up costing the tax payers. It seems a lot of the funds the governem,nt puts up are either stolen or misused.

Syron and Mudd should be forced to give back the miilions the took while driving these companies into the ground, period. Nothing will change without accountability.

This is more evidence that the government and paulson plan to cripple the taxpayers with the
rescue of the poorly ran companies,they should
have been abolished years ago,they have made
literally billions and billions of dollars in bad loans,
and it doesn't make financial sense.

Chalmers, you are an idiot and a fool.

gee that amount sure would take care of alot of homeless people here in the states !!!!! YOU THINK

So, Charles Rangle is living in subsidized housing and has luxery property that he got interest free loans to purchase and he, Pelosi and Reid are giving 800 billion dollars tax-payer dollars to banks. We need these stinking liberals to leave in November!

Congress passed the bill, but Treasury do "not have to" bail out the two companies. These companies have stocks of cash reserve and they may pull through the downturn. In my opinion, Paulson is right on track - cautiously monitoring the situation.
Evenif Govt decides to bail out these companies, that would be a good thing for the economy. Tax payers money would be put to good use by preventing collapse of mortgage market. I think my tax money was put to good use by bailing out Bear Stern and so will it be for Fraddie and Fannie.

I think it is incredible that we (the taxpayers) are going to pay for the irresponsible decisions made by people who bought more home than they could afford. I would love to buy a nice big home but reality says that I cannot afford one. My wife and I have lived in a tiny home that we have had to repair as we live in it. We have lived in a home that most of these people would have turned thier noses up at and now I get to pay for thier dream while my family's is still on hold! It really chaps my a$$ that I am going to be part of helping these people out. I am not talking about the guy who lost his job at the factory after working there for 20 years, but the people who knew they could not afford the home when they got it but bought it because they qualified for a huge loan.

Do I get this. Were borrowing 800 billion from china to bail out fannie & freddie. When china has 340 billion invested in fannie and freddie already. So now we owe china 1,140 billion plus all the noney we have to borrowed to support the war in Iraq, trillions. When will china forclose? Dam our gov had done some dum crap over these last 7 years.

I agree! Why are we bailing this company and these homeowners out! This will only allow the already inflated prices to remain. I did not buy a home, since my last home purchase in 2003, which I sold in 2005 when the military made me move, because I did not feel like being RIPPED OFF. The government is wasting our tax dollars and focusing their attention away from more important issues like fixing the social security program which in pay into to the tune of $400/month.

Well now, when I clicked on the news button on google I found it very interesting that funding for the roads and bridges is almost gone yet the bankers get 800 billion. Seems to me the gvt. should be taking that money to fix our infrastructure no?

The root of this collapse was the change in rules/policies decades ago that allowed mortgage guarantees to cover mortgages to home buyers who could not afford them. Taking the lid off the percentage of income a mortgage payment could be converted homes to commodities. This underwrote the scandalous deal the scoundrals Freddie and Fannie. It now becomes clear that Bonnie and Clyde were nothing compared to these bandits and their gang. It has destroyed, more than anything else, the American dream, changing it into the American scheme.