fannie mae and freddie mac in strife, page-24

great isn't it? - the 'experts' running financial institutions, banks etc, they get paid literally millions upon millions of dollars to use money wisely, to assess risk, to apportion their capital in ways that should maximise returns blah, blah, blah.....


it turns out that from Greenspan to the corporate pirates of Bear Stearns, Lehman's and all the rest of the corporate filth, that they don't have the economic nous of the average housewife....


then, when their stupidity and negligence results in the collapse of their paper empires - you guessed it, the taxpayer bails them out... these by the way, are the same people who are always railing against welfare handouts, but never complain when the taxpayer bails them out to the tune of billions.....



it's as it always was for the corporate filth -

"Privatise Profits - Socialise Losses".... nice to know nothing has changed....