• This is a political forum that is non-biased/non-partisan and treats every persons position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

The Disaster of Government-Run Businesses, Part 2

Cold Highway

Dispenser of Negativity
DP Veteran
Joined
May 30, 2007
Messages
9,596
Reaction score
2,739
Location
Newburgh, New York and World 8: Dark Land
Gender
Male
Political Leaning
Libertarian
Taxpayers are stuck, too, with the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), government-sponsored enterprises that had special privileges, including a line of credit at the U.S. Treasury. By channeling several trillion dollars into subprime mortgages, Fannie and Freddie did more than anyone else to cause the housing bubble that burst in 2008. Thus far, the government has committed American taxpayers to cover as much as $400 billion of Fannie’s and Freddie’s losses.
So who honestly say the government run businesses are a good idea?

The Disaster of Government-Run Businesses, Part 2 by Jim Powell
 
Top Bottom