LadyGunSlinger
Conservative Babe
- Feb 6, 2011
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http://abcnews.go.com/blogs/politics/2008/09/obama-to-stepha/
But Obama said he’ll only support such a government takeover if shareholders and executives of Fannie and Freddie don’t profit from it. "We are not bailing out shareholders and investors and management," Obama said. "They were making a lot of money because of the lack of regulation. All those profits were private. We don’t want to make all those losses suddenly public and they get away without taking a haircut."
Tsk tsk Barry.. and you just approved BILLIONS in bonuses.. taxpayer money at that..
But Obama said he’ll only support such a government takeover if shareholders and executives of Fannie and Freddie don’t profit from it. "We are not bailing out shareholders and investors and management," Obama said. "They were making a lot of money because of the lack of regulation. All those profits were private. We don’t want to make all those losses suddenly public and they get away without taking a haircut."
Tsk tsk Barry.. and you just approved BILLIONS in bonuses.. taxpayer money at that..