On Sep 5, 7:59*pm, wrote:
Where is the outrage of all your CONservative "free market"
Republicans that dominate this newsgroup? Will your heroes - gasbags
Limbaugh, Hannity, Beck, and all the other right wing talk radio
screamers devote their shows denouncing this blatant SOCIALISM?

Of course not. Like you, *they are shallow partisan hypocrites
pandering to lemmings with IQ's of rat terriers. Or are you too busy
denouncing single mothers who receive $180 in food stamps to feed
their children while working two jobs?

WASHINGTON (AP) -- Fannie Mae and Freddie Mac are expected to be taken
over by the government as soon as this weekend in a bold move designed
to protect the mortgage market from the risk the companies could fail,
a person briefed on the matter said Friday night.

Some of the details of the intervention, which could cost taxpayers
billions, were not yet available, but are expected to include the
departure of Fannie Mae CEO Daniel Mudd and Freddie Mac CEO Richard
Syron, according to the source, who asked not to be named because the
plan was yet to be announced.

Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry
Paulson and James Lockhart, the companies' chief regulator, met Friday
afternoon with the top executives from the mortgage companies and
informed them of the government's plan to take over the troubled
companies in a process known as conservatorship.

The news, first reported on The Wall Street Journal's Web site, came
after stock markets closed. In after-hours trading Fannie Mae's shares
plunged $1.70, or 24 percent, to $5.34. Freddie Mac's shares fell 95
cents, or almost 19 percent, to $4.15.
*http://biz.yahoo.com/ap/080905/mortg...ts_crisis.html

John McCain would approve. He helped Charles Keating get more than $2
billion of taxpayer money after Keating and his cronies gave $112,000
to the McCain "campaign".