Perhaps someone would like to explain where the Fed supposedly gets the authority to bail-out these companies without going through Congress? Spending without representation is as bad as taxation without representation.
If you are talking about the takeover of Fannie and Freddie, it was foolishly provided by the Democratic Congress to cover up for their equally foolish efforts under Clinton to relax the rules and push for more lower income house ownership by people that should not have qualified for mortgages in the first place
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Perhaps someone would like to explain where the Fed supposedly gets the authority to bail-out these companies without going through Congress? Spending without representation is as bad as taxation without representation.
If you are talking about the takeover of Fannie and Freddie, it was foolishly provided by the Democratic Congress to cover up for their equally foolish efforts under Clinton to relax the rules and push for more lower income house ownership by people that should not have qualified for mortgages in the first place
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