It is always much more fun to be part of the team that creates a problem than it is to be part of the team that has to clean up the mess. Most of the same whiners who worry now about printing money said not one word when Bush was President, while Republicans passed tax cuts during wars for the first time in history of the country. I think perhaps in fairness to the country we should assess a special tax on red states since they voted for the team who destroyed the economy they should get to pay more for the recovery. Unfoprtunately we won't be able to do that since most of those folks are too poor to pay any tax at all but still like to whine as if they do.

"I think in fairness, you should actually address what the thread is about for once in your life instead of knocking down your typical strawman to avoid the reality that the Obama administration is doing everything they can to reward the behavior of banks that put us in this mess at the expense of the next 3 generations."

I think, IN FAIRNESS, we should perhaps consider WHY THE HELL FANNIE MAE NEEDS BAILING OUT.

When I go to my doctor when I'm sick, amazingly, I don't blame him for my illness. But hey, that's just me.

"How about Congress. They had a little something to do with this. How about they have to work for a dollar a year."

Yeah, only millionaires should be able to serve in Congress. If you aren't rich enough to survive on $1 a year then you can't help govern. Government by the rich, for the rich. Great idea!

"The least you can do is explain why you think Fannie Mae needs this extra $15 billion, why it's good for the country, why it couldn't be better spent elsewhere, so on and so forth."

Fannie Mae makes home ownership possible for millions, building homes creates jobs for millions.
Before I give any more reasons for investing another 15 Billion in Fannie Mae perhaps you could defend the hundreds of billions wasted in Iraq, or the billions wasted on the Medicare Drug Bill.
How many billions were spent unnecessarily on the military??? Hey, let's build some more F-22s

"You have learned absolutely nothing from the entire housing bubble collapse."

Excuse me but I was the one who was warning you about the housing bubble a couple years before it burst. Fannie Mae got hurt because of that bubble so I guess your answer then is to just never try to revive the housing industry, accept that no one will be able to purchase homes and just plain give up on the nation. Great plan.
There is no plan to create another housing bubble and prices are not rising so one isn't forming.

"That is a great Idea, every person in congress that called someone a racist for saying that it was a bad idea to force institutions to give a loan to everyone in the name of "afforadable housing". lets look up all of them and blame them."

STill beating the dead horse that Barnie Frank somehow created the housing crisis....even though that talking point was debunked by many different people long ago.

"Everyone pushing for affordable houseing, subsidised by the govt. Dems, repubs, and many more."

That was a small part of the housing crisis and it never would have been a problem if the bubble hadn't been inflated by the use of variable interest rate mortgages. Those mortgages were what killed the economy not Fannie and Freddie. Millions of responisble buyers only got hurt because of the tremendous decrease in value of the homes they had bought.

"It was people buying houses they couldn't afford with money they didn't have."

It was bankers, who should have known better, offering them mortgages based on the assumption that housing values would continue to rise which was also the basis for the entire Bush economy.
It is understandable that individuals might have believed the real estate professionals, bankers, mortgage brokers, etc. that there was no danger of the bubble bursting, it is not understandable that supposedly professional money managers at banks and mortgage companies believed it.
I argued with several of the real estate people back when I was getting ready to buy my condo, virtually all of them were completely convinced that housing values were a solid investment.

"Besides, everyone knows the new bubble is health care..."

Very nice but completely meaningless talking point.

In truth there is another bubble right now and I hate to be the one to break the news to you....it's another stock market bubble.

"Are you saying the little o recovery is a sham?"

No, that's not what I would say. I'd say they are doing what they can to stimulate the economy but they are contending with capital gains taxes which encourage gambling in the stock market.

Stock prices are up because stock market prices are up.

"Please read matt Tiabbi's article on fannie and freddie."

I read that article a while back but the subject is Goldman Sachs. Fannie and Freddie are mentioned but are not, by any means, the subject of the article. Did you actually read it??? Do you actually have a clue???

"He's a very left wing righter for rolling stone. MAYBE you'll gain a grain of intelligence!"

When someone is trying to insult my intelligence they need to try and write intelligently.

"She is a deep thinker like you."

You just didn't get it Sniper. You rarely do.

"...someone who probably doesn't own a pot nor a window."

Got lots of pots and quite a few windows too. So, since you are so much smarter than me Eberly, tell us what the rise in stock values is really based on. This ought to be good.....I'll be waiting for your brilliant thoughts on the subject....

"you see, it isn't a simple concept. I wasn't the one inserting my own bullshit ideology"

Where did I inject ideology in regards to stock market increases, basicly I was saying that the stock market prices have gone up for no real rational reason other than just the collective belief, for the moment, that prices will keep rising. It could just as easily start falling tomorrow and that would be based on exactly the same thing, which is really pretty much nothing.

That would hardly qualify as my trying to inject my ideology because it actually doesn't. The truth is, I think the stock market is just a bubble which will pop again, I think most investors think the same thing, they all hope they will anticipate it and get out at the right time.

"Is this a current context thinking, or your long term view that stock markets are bubbles?"

Current view, long term it could be different if the economy actually improved and business started really making lots of money.