Talibunny Improvises, Hilarity Ensues
McCain’s running mate, Alaska Gov. Sarah Palin, speaking in Colorado Springs, Colo., said Fannie and Freddie had “gotten too big and too expensive to the taxpayers.” The companies, however, aren’t taxpayer funded but operate as private companies. The takeover may result in a taxpayer bailout during reorganization.
Granted, the only folks who will find that funny are the handful who know how Fannie and Freddie work. And granted, that handful doesn’t include their managements. But it’s a start.
Candidates briefed on seizure of Fannie Mae, Freddie Mac [McClatchy via TPM]
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