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Re: David Brooks to Obama: Less of your shucking and jiving, please.
Quote:
Originally Posted by sebastian_dangerfield
Yes, Fannie and Freddie have monstrous bailout costs, but just as TARP led to paybacks, over time, a lot of that bailout money will be recouped. You can't freeze the music now and call the request for additional funding a loss any more than you could call a business asking for expansion of its credit line a loss.
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I'm not so sure about this. How are all of those mortgages going to be repaid? Certainly not at face.
Last edited by sgtclub; 10-30-2010 at 06:19 PM..
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