Armando Falcon: How to Nationalize the GSEs

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The first commenter doesn't understand that what Falcon said..."And if they were allowed to remain in their current condition...then you have two private shareholder companies issuing debt backed by the U.S. government. "
These were quasi governmental companies that were purposefully being under-regulated. The dems want to regulate private business and deregulate government. Crazy.

Henry Gomez of FL 6:28PM September 30, 2008

Thanks to Armanco Falcon, who attempted to rein in the abuses and fraud at Freddie @ 2004, while there was still time, and had his efforts blocked by Freddie's political allies in Congress. Gregory Meeks D-NY, Arthur Davis D-Alabama, Lacy Clay D-Missouri, Maxine Waters D-CA, Barney Franks D-NY. All said "No Problem".
Of course, the Freddie execs who cooked the books to ensure large $$ for themselves, and were forced to resign, now are associated with the Obama campaign, to whom they had given large contributions.
Senator Obama hangs out with black racists like Rev. Wright, former terrorists, like Wm Akers, and crooks, like Franklin Raines, Tim Howard, and Jim Johnson. Just another typical product of the Chicago political machine, apparently.

George of HI 8:50PM September 29, 2008

Please link to the below video and then say who was trying to solve this problem 4 years ago.
http://www.breitbart.tv/?p=184743

Pat OBrien of OH 7:14PM September 29, 2008

Mr.Falcon just want to say thanks for your attempt to "regulate" fannie mae and freddie mac.I saw a video from c-span 2004 where a MR. meeks was "questioning" if he could instill confidence
in you..I say SHAME on Mr.Meeks and Ms.Waters for their evident "misconstrued" trust of FRAK RAINES...thank you and MR.SHAYS
(MR.Royce) I have seen this video on you-tube c-span 2004
2005 and in one video MR.MUDD is telling the black caucus of "troubles" PS. Obama is present and hearing of $$$ troubles
and still takes dollars from them???

mary english of TX 10:14PM September 28, 2008

Thanks for the article! I didn't really understand how this might work and I've been hearing about "nationalizing" Freddie and Fannie for quite some time. Cramer's been hooting and hollering about it, too. I guess the current stakeholders get wiped out and then new companies pop up as if nothing really happened. And everybody goes along with it. Quite interesting.
I say, the sooner, the better! Let's get out of this and into the next bubble!!!

Bill of CA 3:52PM August 27, 2008

SORRY

GEORGE BACKERT of MD 11:40AM August 24, 2008

Firstly, go back three years munimum and take back any and all executive bonusus. They earned it on a jaded platyform that they were aware of the misrepresentation. But gross dollars equaled gross bonuses for at least 3 years and then = this.
Yopu offer debenture bonds and warrants and the investors and lendwers take the burden other ten the taxpayer.
There will be homes that MUST BE FORCLOSED.
REMEMBER THE BORROWER KNEW WHAT THEY WERER DOING FOR THE MOST PART.
THE FINMANCIAL OBLIGATUION PART. we NEED TO MAKE RESPONCIBLE AS WELL

GEORGE C BACKERT of MD 11:38AM August 24, 2008

Amazing how under-regulation of free enterprise leads to bailouts by taxpayers. Always the same result. Remember S&Ls?
The ONLY criteria for "whether" on a bailout is "whether" the function is too big to merely let fail. Fannie and Freddie qualify completely on that score. But conservatives caused it with all their talk of "free-market" this and that. Elect your liberals and protect your financial backside.

of 11:37AM August 23, 2008