It's not often that Federal Reserve Chairman Ben Bernanke plays second fiddle when he makes his twice-yearly trip to Capitol Hill to outline his current outlook on monetary policy and the economy.

But with all eyes on the extensive proposals put forth on July 13 by U.S. Treasury Secretary Henry Paulson and the Fed to restore confidence in Fannie Mae (FNM) and Freddie Mac (FRE), the struggling mortgage giants at the heart of the escalating credit crunch, much of the focus when the Senate Banking Committee met for Bernanke's testimony on July 15 came in the second act.

Bernanke testified for 90 minutes on everything from the risks facing the economy (he warned of "significant downside risks to the outlook for growth" even as the threat of inflation is growing) to his views on oil speculation (he doesn't think speculative activity or manipulation is a big cause of the recent runup in oil prices).
Stabilizing Move, or a Bailout?
Fannie Mae, Freddie Mac: Investors Flee

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WarOnYou - War On Your Mind, Body and Soul!

RON PAUL FORUMS

Lets see if I get this right:

The profits go to the Board of Directors, and shareholders.
The LOSS goes to the taxpayer.

The Fed is pretty generous with OUR money aren't they?

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How soon do we get our rebates, free health care, lower taxes, better schools, and cheap energy?

You saying social darwinism is wrong??

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"oops there goes sanity, oops there goes gravity"

http://www.youtube.com/watch?v=xFYQQPAOz7Y
Cottonbroker.....formerly known as "the Artist"

I would like to see the Fed's list as to who they feel should fail, because THEY WERE SHITTY BUSINESS MEN, and who rates being bailed out.

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How soon do we get our rebates, free health care, lower taxes, better schools, and cheap energy?

Yea Dizzy but at least they worked for a living!

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"oops there goes sanity, oops there goes gravity"

http://www.youtube.com/watch?v=xFYQQPAOz7Y
Cottonbroker.....formerly known as "the Artist"

But taking chances without consequences via a tax payer bail is just another form of socialism.

I'm sure you knew that though.

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The crows seemed to be calling his name, thought Caw.
- Jack Handy

I do know that crow...It is a confusing time in corporate America. All of us are scrambling and looking over our shoulders at competitors and over our heads for falling pianos. I do not think the govt. should bail out individuals but maybe in the name of the honest indivdual hard worker some company bailouts may be extremely beneficail as it tends to prevent the downside domino effect that is already in effect from getting worse. The businessman in me wants to say "let the strong survive and social darwinism will work"....the humanitarion in me says "work together in peace for all and help the weak".......I admit I myself am somewhere in the middle of that thought.(s). Put another way, if I can help myself I can therefore help others and the world will be a better place......that is where I really am...

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"oops there goes sanity, oops there goes gravity"

http://www.youtube.com/watch?v=xFYQQPAOz7Y
Cottonbroker.....formerly known as "the Artist"

Who made this thread?

Fannie and Freddie stock went up 6-8% yesterday.

Chucky Cheese blamed for IndyMac troubles

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Has there ever been a presidential nominee with a wider gap between his estimation of himself and the sum total of his lifetime achievements?
Charles Krauthammer

You've Been Bamboozled

Thanks Cotton for giving a heart felt response. I agree that we should help cushion & correct the unbalanced mess this is doing to our country. I think that instead of bailing out irresponsible lenders we should put a moratorium on interest ballooning loans for a period of time to allow people with mortgages to pay them off. Yes the lenders would lose some money but not nearly as bad as they are now. On top of that using tax dollars to pay the lenders off for incredibly stupid practices rewards irresponsibility & is Socialism on the losses or put another way reaming us the tax payer from both the front & the back.

Also it shows that basic common sense regulation is right & should have never been taken out.



So what. The stock market is so volatile right now that it really means nothing. It's like basing economic investment on weather forecasts.




I've seen this whole waste of a discourse on another thread. It's amazingly stupid. Blaming the canary for the poisoned coal mine is beyond the pale stupid. This gotcha bullshit has to stop. This is serious & until you & others point the blame where it really resides in s governement on both sides of the aisle allowing this mindless deregulation to unfold we will not resolve this.

The politics of distraction & blame is a pure waste & the clear hallmark of stupidity. You, Empty fit that to a tee.

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The crows seemed to be calling his name, thought Caw.
- Jack Handy