Quote:
Originally Posted by TheLastBoyScout
Upon recent developments that saw Sallie May and Freddie Mac get taken over by the government, Sara Palin thought she would weigh in on the matter:
Housing Policy Trips Up Palin, By Steve Benen - CBS News
This is more than a mistake.... there's no two ways to parse this... Sara Palin believed that Fannie and Freddie have been government run this whole time.
No....Sara.... this is a situation where private companies failed and were getting a government bailout as a result.
Fannie and Freddie weren't costing taxpayers a dime directly... but now that we are bailing them out.... taxpayers will largely be footing the bill.
This woman isn't ready to be our Vice President, let alone our President.
We can now see why the McCain campaign is keeping Palin bottled up..... they should also make sure she sticks to the script completely on the campaign trail. Just recite and read.... don't think. |
Back in the late 80's & early 90's during the 1st foreclosure debacle in this country, I worked in real estate. I did a lot of Freddie Mac & Fannie Mae foreclosures. Yes,--there were expenditures back to the Federal Government in the form of paperwork-paperwork, administration, etc.
The government never does anything for free--including securing loans from private vendors!