What would it take for the bailout to be "worth it"...

[jcwvolfan]

As long as it stops the economic catastrophe?
If the Treasury only loses 200B?
If the Treasury breaks even?
If the Treasury makes a profit?

At what point do you start supporting this bailout?

 

[volinbham]

I support it under all those scenarios but think your first point and third point are most likely.

 

[allvol123]

If by some miracle, people start to realize how incompetent government is, then it will be a success.

 

[myrobbins7]

That crook Barney Frank just said it might take over a week to get this deal done, and the Futures drop like a rock. Something has to give, fast.

 

[allvol123]

That crook Barney Frank just said it might take over a week to get this deal done, and the Futures drop like a rock. Something has to give, fast.

Did you hear the soundbite from him, either 2003 or 2005, can't remember. MG1968 might have posted it somewhere on here. Hilarious, he spouts off about a 20 second blurb about how solid Fannie Mae and Freddie Mac are and about making sure low income people can secure loans. Hilarious.

 

[notverycrucial]

As long as it stops the economic catastrophe?
If the Treasury only loses 200B?
If the Treasury breaks even?
If the Treasury makes a profit?

At what point do you start supporting this bailout?

I'll support if it accomplishes any of these, but I fully expect the Treasury to lose at least 200B.

 

[myrobbins7]

Did you hear the soundbite from him, either 2003 or 2005, can't remember. MG1968 might have posted it somewhere on here. Hilarious, he spouts off about a 20 second blurb about how solid Fannie Mae and Freddie Mac are and about making sure low income people can secure loans. Hilarious.

Oh yeah man, the guy is something else..

 

[KingNick865]

If by some miracle, people start to realize how incompetent government is, then it will be a success.

I realized that when I was 6

 

[BigPapaVol]

I realized that when I was 6

but you're a dem style believer in gov't solutions?
Posted via VolNation Mobile

 

[volsforever27]

Oh yeah man, the guy is something else..

No kidding...

Media Mum on Barney Frank's Fannie Mae Love Connection

Just a month before, Frank had aggressively thwarted reform efforts by the Bush administration. He told The New York Times on Sept. 11, 2003, Fannie Mae and Freddie Mac’s problems were “exaggerated,” a gross miscalculation some five years later with costs estimated to be in the hundreds of billions.



“These two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis,” Frank said to the Times. “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”



Frank has also reaped campaign contribution benefits from Fannie Mae and its counterpart Freddie Mac. According a front page story in the Sept. 19, 2008, Investor’s Business Daily by Terry Jones, Frank has received $40,100 in campaign cash over the past two decades from the GSEs.