Apparently Hank Paulson, who sold billions of these toxic debt instruments when he was working at Goldman, wants to spend our tax dollars keeping the GSE's private.
I get bailing out the debt holders in the GSE's. Have you seen the list? China, Russia, Japan, etc...a lot of foreign creditors that we don't want to piss off. But the what is this shit about helping the equity holders???
I don't want part of my paycheck buying stock in either Fannie or Freddy (can't we build a school or something with that money instead?). Also, I sure as hell don't want to bailout assholes like Bill Miller, who made dumb ass bets and deserve to be dragged through the streets and laughed at by third rate bloggers like myself.
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