Discussion: Fannie-Freddie Bailout
Thursday, September 11th, 2008
Charlie Rose discusses the U.S. government’s takeover of mortgage giants Fannie Mae and Freddie Mac with Mohamed El-Erian, PIMCO; Gretchen Morgenson and Floyd Norris, both of The New York Times; and Nouriel Roubini of New York University.
This interview originally aired 9/8/2008
You can also read more about the mortgage giants Fannie Mae and Freddie Mac on Nightly Business Report.





Charlie Rose never ages, he never turns on the lights either. Until Bill Cosby pointed it out, Charlie wore the same tie for five years straight. That’s okay. You got to like Charlie Rose. He’s been wearing a different tie everyday now for about the last twenty years. But this ain’t Monopoly money. Imagine, a $1-trillion dollar bailout without ever any admission of wrongdoing or malfeasance. Many of the fat cats who circulate from board to board and from job to job, also happen to be members of the Trilateral Commission and or the Bilderberg Group. When someone takes your money and steals your car, it leaves an impression. When they’re committed globalists, it makes a lasting impression. Many elected officials even belong to the cabals. When Bill Clinton eased banking restrictions, he dished out $8-billion dollars for community reinvestment loans.
When the financing schemes fell through, as is their wont whenever 30-million Mexican nationals buy inflated properties and default, it left banks in the lurch. Hillary Clinton counted on the loan giveaways to buy votes. Interestingly enough, had Hillary secured the nomination; she, instead of Barack Obama would preside over the bailout. So, where is that $8-bilion plus dollars? The Global Initiative people (code speak for car thieves) took my money; they stole my car; the game is rigged. Let the bubble burst. Gentlemen, I want my money back: http://theseedsof9-11.com
You’re a good man, Charlie Rose. Common sense dictates housing prices must fall. Why purchase a $600,000 dollar automobile, if the parts are available from the dealer for $30,000 and one can assemble it in his spare time?