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Old 08-26-2008, 03:20 PM
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Default Barr Calls to Sell Off Fannie Mae and Freddie Mac

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Barr Calls to Sell Off Fannie Mae and Freddie Mac | Libertarian Party

“The American people cannot afford to keep bailing out big businesses, lenders, investment bankers, and brokers who made big mistakes,” says Bob Barr.“With bad financial news continuing to pile up, officials at the Treasury Department and the quasi-government companies Fannie Mae and Freddie Mac are talking about a bail-out. We must turn these organizations into true private firms, with no special access to the Treasury,” insists Bob Barr, the Libertarian Party presidential nominee.
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Old 08-26-2008, 03:25 PM
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Originally Posted by Chan View Post
“The American people cannot afford to keep bailing out big businesses, lenders, investment bankers, and brokers who made big mistakes,” says Bob Barr.“With bad financial news continuing to pile up, officials at the Treasury Department and the quasi-government companies Fannie Mae and Freddie Mac are talking about a bail-out. We must turn these organizations into true private firms, with no special access to the Treasury,” insists Bob Barr, the Libertarian Party presidential nominee.
I agree with this. I don't know who would want to buy those companies, though because of all the debt. I'd rather see them go bankrupt than have them raid the national treasury for a bailout.
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Old 08-26-2008, 08:41 PM
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It's better than the alternative, although technically all corporations are quasi-government entities.
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