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Does sarah palin know know anything about Fannie and freddie?

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  • Does sarah palin know know anything about Fannie and freddie?

    She must---after all---she promises to make them smaller and smarter.



    Sarah Palin explains Fannie and Freddie


    On Saturday, Gov. Sarah Palin summarized her views on the Fannie Mae/Freddie Mac mess:
    "The fact is that Fannie Mae and Freddie Mac have gotten too big and too expensive to the taxpayers. The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help."
    On its face, the first sentence doesn't make much sense. For the last 40 years or so, Fannie Mae and Freddie Mac have been private entities, and haven't cost the taxpayer a dime. Since Palin was speaking in the past tense, an uncharitable interpretation would be that she doesn't know what she's talking about. She couldn't possibly be saying that she opposes the government bailout, could she?

    A more friendly interpretation comes to us via ABC News' Jake Tapper:
    A McCain aide e-mails on background that Fannie and Freddie "have $5 trillion in exposure. They either own or insure this much in loans, as such, they are too big a part of the economy to be allowed to fail. Their failure would pose a systemic risk to the economy, which is why treasury is stepping in, and has committed billions in taxpayers to keep them afloat. They are too big, and now, too expensive."
    The question is being argued---does she have any idea what she is talking about?
    kjoe
    Senior Member
    Last edited by kjoe; 09-09-2008, 01:58 AM.
    v



  • #2
    INexperienced!
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    • #3
      this actually gives both sides:

      1 - 10 of 18,100 for freddie mac palin gaffe (About) - 0.31 s | SearchScanBETA On

      WEB RESULTS
      1. Think Progress " Palin's first gaffe: Claims Fannie Mae, Freddie Mac ...


        Palin's first gaffe: Claims Fannie Mae, Freddie Mac are taxpayer-funded. ... the key item in Palin's VP agenda - selling Fannie Mae and Freddie Mac on eBay. ...
        thinkprogress.org/2008/09/08/palin-freddie-mac - 72k - Cached
      2. Digg - Palin's Gaffe?


        I just thought this would help all of the stupid people who think that Palin's statement about Fannie Mae and Freddie Mac was a Gaffe. Your ignorance is laughable. ...
        digg.com/business_finance/Palin_s_Gaffe - Cached
      3. Michelle Malkin " Huffing HuffPo desperate for a GOP gaffe


        Gov. Sarah Palin made her first potentially major gaffe during her time on the ... In 1970, Congress spawned Freddie Mac (nickname for the Federal Home Mortgage ...
        michellemalkin.com/2008/.../huffing-huffpo-desperate-for-a-gop-gaffe - 137k - Cached
      4. Chron.commons | Chron.com - Houston Chronicle


        Chron.com - Houston news, sports, entertainment, search and shopping from the ... Palin's First Major Gaffe - She Doesn't Understand Freddie Mac or Fannie Mae ...
        chron.com/commons/persona.html?newspaperUserId=eljefebob&... - 64k - Cached
      5. Oh Well: A Commentary on News and Politics: Feds bail out Fannie Mae ...


        Feds bail out Fannie Mae and Freddie Mac. Saturday Morning Cartoons--Rabbit Seasoning ... McCain claims that Sarah Palin has foreign policy ...
        eahopp.blogspot.com/2008/09/feds-bail-out-fannie-mae-and-freddie.html - 243k - Cached
      6. Palin Makes Her First Gaffe


        ... Mae and Freddie Mac less than 2 months from the election qualifies as a gaffe. ... Government Plans Takeover Of Fannie Mae, Freddie Mac ...
        www.opednews.com/maxwrite/linkframe.php?linkid=68451 - 145k - Cached
      7. Government Takes Over Fannie Mae, Freddie Mac


        ... outgoing CEO of Fannie Mae, or Freddie Mac's departing CEO Richard Syron for the ... Palin Makes Her First Gaffe. Gov. Sarah Palin made her first ...
        huffingtonpost.com/2008/09/07/government-takes-over-fan_n_124603.html - 179k - Cached
      8. Palin Makes Her First Gaffe: Claims Fannie/Freddie Are Taxpayer Funded ...


        ... lending giants Fannie Mae and Freddie Mac had "gotten too big and too expensive ... 3.7 - Palin won't release 1100 e-mails ...
        www.propeller.com/story/2008/09/08/palin-makes-her-first-gaffe - Cached
      9. Palin's first gaffe | FP Passport


        Palin's first gaffe. Mon, 09/08/2008 - 1:52pm ... innocuous headline, "Candidates briefed on seizure of Fannie Mae, Freddie Mac" ...
        blog.foreignpolicy.com/node/9737 - Cached
      10. Palin On Freddie and Fannie - TalkLeft: The Politics Of Crime


        Fannie Mae and Freddie Mac will NOW become "too expensive for taxpayers" because ... a verbal gaffe but also a lack of understanding over how the economy works. ...
        www.talkleft.com/story/2008/9/8/151850/7478 - Cached
      v


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      • #4
        INdecipherable!
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