Bond holders are the Chinese investors.
Related posts:
How is the bail out of Fannie Mae and Freddie Mac’s investors going to effect taxes.?
September 17th, 2008 · 11 Comments
Tags: Mac
Tags: Email Spam Uninstall spyware Security Software Trend Micro Registry Cleaner Pc Tools Norton Nod32 Kaspersky Internet Security Hacked Firewall Computer Security Avg Avast Antivirus Ad Aware Monitoring Software Encryption Backup
11 responses so far ↓
1 I buy my US Flag from China // Sep 17, 2008
Well here in NYC we’re seeing a heck of a lot less revenue from taxes due to this flailing economy. We’ll see taxes go up and services go down.
2 The Boss // Sep 17, 2008
Stocks holders are SOL, the bond holders will be paid.
3 Receiver of Light // Sep 17, 2008
Those 2 are a drop in the bucket compared to what we spent and continue to spend in Iraq every month. Our grandchildren will also pay for this, believe it or not.
4 Earth Needs Oil // Sep 17, 2008
More national debt for future generations to pay off.
Tax payers loose
5 heartintennessee // Sep 17, 2008
This was another boneheaded move. Does no one in government understand macro-economics and free market and risk? I’m sure the consequences will be disasterous and precedent has only been set for more such misguided moves to spend our money.
Social welfare, corporate welfare … for goodness sakes doesn’t anyone take responsibility for their own actions anymore. I’m in agreement with those who believe the management of these entities should be sitting in a courtroom as part of this deal.
6 ReelBrothers // Sep 17, 2008
It really ticked me off today that they said they would still pay dividends,
So my friggin tax money is going to investors of a failed company,
great!!!!!!!!
7 aCeRBic // Sep 17, 2008
As a staunch fiscal conservative who ABSOLUTELY despises any from of govt bailout, subsidies, etc this was a critical move that was not even a point of any conjecture within the govt. One company holds over one half of all mortgage debt. If that were to fold, the entire mortgage and real estate market would collapse and be the catalyst of a major economic contraction that would certainly lead us to a severe recession if not depression.
FNMA works as in insurance company against mortgage losses. They insure over one half of all mortgage debt to bond holders. If they couldnt insure these loans, NO ONE would buy the issued bonds and very few could originate loans since they couldnt sell them. If no one could finance properties, then the RE market would collpase, which in turn would affect most facets of our economy since its so interwoven with the RE market. It would literally affect EVERY american.
8 nonobadpony // Sep 17, 2008
The tax payers are on the hook for billions. Here is part of what the tax payers are bailing out:
Are you really worried about the economy, stupid?
Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008:
1. Dodd, Christopher D-CT $133,900
2. Kerry, John D-MA $111,000
3. Obama, Barack D-IL $105,849 (he’s only been a senator for 3 of those 19 years!)
4. Clinton, Hillary D-NY $75,550
9 Zee B // Sep 17, 2008
affect, not effect.
10 scredawg // Sep 17, 2008
This is way bigger than Enron! But because all the crooks were former Democrats or have have taken from the lobbyists, nothing will happen…
11 CARL G H // Sep 17, 2008
I dont know if you are following bonds but the investers from China have been selling off their bonds because of this mess. I just finshed saying this to another but it bares repeating. the housing mess is OUR fault! not washington, etc No polatician told us to go out and purchase wonderful homes that if expectected to pay a standard mortgage on we could in no way afford! all of the people who took those adjustable rate loans were told there would be an increase in a few years . they just didnt plan for it or weren’t able to rise up to the level pay wise. Look I would love to own a 427 Cobra but I have a Honda budget.
Leave a Comment