Let Fannie And Frddie Fail

[Joel Fraser]

AM I RANTINGLet me explain myself.after learning that china and russia are the two biggest stockholders of F&F stock. do we really want to use our taxpayer $$$$$ to bail them out or would we be better served letting them fail and our govt start a new bank wholly govt owned where it buys the paper from F&F for pennies on the dollar or offer foreign govts 20 cents on the dollar for thier stock. restructures those loans as needed to make them positive performing paper and all interest from this new venture is used to reduce taxes. the biggest loser in this scenario is china and russia who dont belong in OUR ECONOMY!!we need to stop transferring our wealth to foreign countries before one of thems owns a majority stake in our COUNTRY