Originally Posted By: Todd
Old news...how 'bout your girl Palin saying that Fannie Mae and Freddie Mac went under because they were too bloated and were costing the American taxpayers too much money to keep running?

Last I checked, FM/FM are not government agencies, and didn't cost the taxpayers money until the bailout...but the fact that she doesn't know that doesn't really surprise me one bit.

Fish on...

Todd


Todd,
She didn't say that Fannie/Freddie were costing taxpayers too much money to keep running....

She said that Fannie/Freddie were too big and too expensive to taxpayers. That doesn't mean she is saying taxpayers are keeping these companies running, but simply that the problems with Fannie/Freddie has resulted in more cost to those taxpayers that take out loans which were sold to Fannie/Freddie.

It's a pretty far stretch to think that Palin doesn't know that Fannie/Freddie were private companies before the bailout and now take over or whatever you want to call it.