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Taxpayers on Hook for Mortgage Executives' Legal Defense Costs

National News • November 7, 2008
When the U.S. government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens of millions of dollars in ...

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Subject: Is Anyone Surprised?

Posted On: November 7, 2008, 1:32 pm CST
Posted By: Louie Cypher
Comment:
...that a government which has shown no restraint whatsoever would soak taxpayers for these costs? I find the line that "it" (the government) would pay for these costs amusing. Since when does "government" pay for anything? All "government" does is take money from one set of people to give to another; "government" produces nothing, all of its activities are parasitical. As Frederic Bastiat wrote "government is that great fiction by which one half of the population lives at the expense of the other half."

And, no, things won't "get better" with Obama as the mafia don.
Subject Posted By Posted On
RE: RE: fat cats soccer/insmom
Nov 10, 2008, 9:59 am
Taxpayers on Hook for Mortgage Executives' Legal Defense Cos Pedro
Nov 10, 2008, 6:58 am
RE: RE: AIG policy lastbat
Nov 7, 2008, 6:32 pm
RE: AIG policy notautoinsguy
Nov 7, 2008, 5:46 pm
AIG policy??? insguy
Nov 7, 2008, 4:30 pm
Give 'em 30 Days Dread
Nov 7, 2008, 2:52 pm
RE: fat cats Middle Class
Nov 7, 2008, 2:40 pm
Fanny Hussein Mae Obama bin Biden
Nov 7, 2008, 2:00 pm
RE: Legal Defense costs BK
Nov 7, 2008, 1:57 pm
Quote of the day Bill
Nov 7, 2008, 1:51 pm
RE: RE: RE: probably AIG policy too Donna
Nov 7, 2008, 1:45 pm
One Stipulation Dread`
Nov 7, 2008, 1:43 pm
Is Anyone Surprised? Louie Cypher
Nov 7, 2008, 1:32 pm
RE: RE: RE: probably AIG policy too AIG'er
Nov 7, 2008, 1:32 pm
RE: RE: RE: probably AIG policy too Blind
Nov 7, 2008, 1:32 pm
Legal Defense costs rcb
Nov 7, 2008, 1:26 pm
RE: RE: probably AIG policy too Compman
Nov 7, 2008, 1:08 pm
RE: probably AIG policy too lastbat
Nov 7, 2008, 10:12 am
probably AIG policy too Matt
Nov 7, 2008, 9:51 am
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