Thursday, July 17, 2008

And just one more thing. In that Freddie and Fannie have contributed some $170 million dollars over the last few years to campaigns and lobbying...

Can they still do it if the U.S. Government REALLY is backing their paper now? Or if the FED REALLY makes an investment into some new class of preferred stock in either or both of these companies?

At what point does a private company become a GSE then become a ward of the country?

Can we at least stop them from now using our tax dollars and guarantees to lobby our Congress?