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5 Dumb Fannie Mae Bailout Assertions That Are Actually Secretly Smart [Econ]
Posted on September 08, 2008

Hey, can you even blame all the stupid people saying stupid things about today's Freddie Mac Fannie Mae bailout? This whole thing has been stupid ever since someone decided to call it the Federal National Mortgage Association. Who names something Federal National? Anyway, the good news is, no one understood any of this shit back in 1968 when they privatized it, and no one us especially! seems to really understand it now. Let's count the ways: 1. [Freddie Mac and Fannie Mae have] gotten too big and too expensive to the taxpayers. Thanks for sharing, Elle Woods Palin! But ha ha ha,...
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