Basically, if government people had the knowledge and skill set to run multi-trillion dollar businesses for profit, they would not be sleazy politicians, whose most valued skill is to convincingly lie to their "followers" and steal from them, they instead would be less richer businessmen, and only then, if they also had their OWN money to invest in wild business ventures.
 
Note, that when the US Government-caused collapse of international financial markets recently was kicked off by the predicted failure of real estate holdings GIANTS, Fannie Mae/Freddie Mac, the "owners" of those institutions, the sleazy politicians, got out totally unscathed. They lost NOTHING. Compare that to REAL businessmen who run large financial institutions serioulsy and responsibly and who actually OWN some of the stock of the company they are in charge of successfully operating.
 
Lehman Brothers CEO, Richard Fuld, lost $741 million on the 11 million shares of Lehman Brothers stock he owns.
 
Ditto, for:
Morgan Stanley CEO, John Mack - $123.7 million lost;
Goldman Sachs CEO, Lloyd Blankfein - $427.2 million lost;
Merrill Lynch CEO, John Thain - $51.7 million lost;
 
Now, one of the "owners" of thse two failed Government ventures, Senator John Kerry, who recently was named the richest member of US Congress at over 1/4 $Billion net worth, and whose listed holdings do not include the $Billions owned by his wife, Theresa Heinz, lost exactly ZERO $$$,,, as in NOTHING, when HIS owned ventures, Freddie Mac and Fannie Mae, went belly up, because John "the power PIG " Kerry owned NO STOCK in his cited ventures.
 
And there is a very good reason why the wealthy "rackets" tycoon does not own stock in either of those two ventures,,, he is wise enough to know they are not REAL business ventures and are not run to make money. Kerry, like ALL politicans knows, they are GOVERNMENT business ventures and are clearly doomed to fail by the way they operate.
 
If private citizens who want to buy property cannot get loan approval by private banks, it is for a very good reason, as we have recently witnessed. Not that I think RICH government pigs like Kerry actually CARE that their business is a failure waiting to crash, the only financial losers in his train-wreck business venture are the tax payers,,, the very people that could never gain profits from the government operated businesses they are forced to own and financially uphold.
 
If politicians were sincere that such financial institutions as Freddie Mac/Fanny Mae are a necessity to society,,, the owners of these ventures, the politicians, should be FORCED to put up some of their own money in order to be the CEO's of said ventures, so they can lose right along with the dupe owners,,, the taxpayers,,, when their "brilliant idea" goes up in smoke and cinder ash.
 
Then, you would see the run to start politican owned business ventures come to a sudden and screaching halt, because as evil as politicians are,,, they are not stupid. only the dupe taxpayer owners are.
 
"this warning brought to you by the Libertarian people for managable government"
 
 
 
 

Amazingly,,,, the FBI is now investigating Freddie Mac and Fannie Mae as we speak!!
 
AP News
WASHINGTON (AP) - The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned.
 
Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE), and insurer American International Group Inc. (AIG) Additionally, a senior law enforcement official said Lehman Brothers Holdings Inc. (LEH) also is under investigation. etc, etc.
 
 
Well, I am just in total shock and awe!
 
Who would have ever believed that our government leaders would run a majorly "corrupt" institution!?!?
 
Read: "$700 BILLION bailout"
 
Interpret: "The POWER PIGS stuck us again"
 
Sadly, most little "d" democrats think that the Republicans are at fault and that a quick does of honest,, sincere Democratic leadership is the fix.
 
and need I suggest what little "r" Republicans think?
 
same-old same-old. The DemoCRYPTS and RepubliBLOODS screwing American citizens,,,, one small group at a time.
 
Enjoy!

Ummm, so the Libertarian(Republican-2) party is running against John Kerry?
 
pazuzu

Warren Buffett , as I understand, will allow the use of 5 Billion dollars in return for a 10% yearly return. I am totally unable to comprehend that amount of money. It does raise an interesting point, maybe private sector will buy some of the problem in return for huge returns. This is one way for the problem to be put off for a few more years until the huge interest payments bankrupt the companies again. On the other side, those shrewed businessmen will not touch the bad paper. The taxpayers will have to pay for those.
 
All you anti repubs need to remember the present congress is controlled by the damnokrats. You damns have the power and yet you are still unhappy.
 
Monica Samille Lewinsky's ex boyfriend's wife has said, the damns will wait until after the election to act on this proposed bail out bill.
 
You also need to remember the sub prime mortgage mess give money to anyone policy began under the Kennedy wannbe Klinton administration. After the taxpayers assume the mortgages of all the worthless paper be sure that the govt overseers will make all efforts to get the balances off the books. Well, the best idea is to allow anyone to get into a house with 0% down and perhaps a 1% loan. Hey, Hey, sound good to me.
 
By reducing the balances the govt overseers can show how well the 'new' system is working.