LegendKiller
Lifer
- Mar 5, 2001
- 18,256
- 68
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Originally posted by: Golgatha
Originally posted by: emfiend
Originally posted by: LegendKiller
Originally posted by: emfiend
Yeah. This is absolutely correct. Should the government take over Fannie and Freddie, they would likely be rolled up under the FHA. You can't hold stock in government institutions.
You can't, but they can pay the shareholders.
Yeah, but I think that would be egregious misuse of gov funds. Bailing out of individual shareholders wouldn't be taken lightly by most voters, IMHO.
Especially since Freddie and Fannie are each 95% institutionally owned. Really, only corporations, hedge funds, and folks like Warren Buffet stand to lose much. I know I'm going to be pissed if they transfer the working man's dollars to the corporations and ultra rich.
Do you even know what "institutionally owned" means?