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President Obama!
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<blockquote data-quote="Babagounj" data-source="post: 704749" data-attributes="member: 12952"><p><strong>Re: Obamanation here today</strong></p><p></p><p>Fannie Mae's and Freddie Mac's structure was flawed because they had a "private profit and public loss structure," Malta said. A government-chartered structure is the best model because it could "focus on their mission, to provide liquidity to the housing market, without the need to chase risky opportunities in order to maximize profit," he said in his prepared testimony.</p><p></p><p>sounds like he wants endless taxpayer bailouts.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 704749, member: 12952"] [B]Re: Obamanation here today[/B] Fannie Mae's and Freddie Mac's structure was flawed because they had a "private profit and public loss structure," Malta said. A government-chartered structure is the best model because it could "focus on their mission, to provide liquidity to the housing market, without the need to chase risky opportunities in order to maximize profit," he said in his prepared testimony. sounds like he wants endless taxpayer bailouts. [/QUOTE]
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