US spells out Fannie-Freddie backstop plan. Guess what? Uncle Hanky (Treasury Secretary Henry Paulson) and Uncle Benny (Chairman of Federal Reserve Ben Bernanke) finally did something right. They open a credit line to Freddie Mac and Fannie Mae without asking any collateral. (I was wondering how come my banks never did the same thing to me lol) I know these two companies are too important to let them belly up. This is the true capitalism which always protect the rich and screw the poor. That's fine with me because if Freddie Mac goes up to 14 - 16 this week, I will belong to rich category. Btw, if it goes down to 4 like it did on last Friday, I will need to find a moonlighting job as a pizza (or Chinese food) deliver boy until I am 75 years old.
住戶編號:1999269
檢舉原因
心情: 
