http://www.nerve.com/CS/blogs/scanner/archive/2008/09/08/while-you-were-sleeping-sex-and-chocolate.aspxThe government took over Freddie Mac and Sallie Mae , once again proving that if you bring in enough money, it doesn&#39;t matter who you fuck over, there will always be someone willing to bail you out. That Asian junkie you&#39;ve been reading aboutenCommunityServer 2007.1 (Build: 20910.1126)http://www.nerve.com/CS/blogs/scanner/archive/2008/09/08/while-you-were-sleeping-sex-and-chocolate.aspx#125509Mon, 08 Sep 2008 23:25:24 GMTbd485f5c-a45b-491f-8e52-c79e7f680fc3:125509shinynewmachine<p>Um - hey guys, yeah, we've got election fatigue up here in Canada, but it's the 3rd election in four YEARS, not in a few months!</p> <img src="http://www.nerve.com/CS/aggbug.aspx?PostID=125509" width="1" height="1">http://www.nerve.com/CS/blogs/scanner/archive/2008/09/08/while-you-were-sleeping-sex-and-chocolate.aspx#125222Mon, 08 Sep 2008 14:26:09 GMTbd485f5c-a45b-491f-8e52-c79e7f680fc3:125222profrobert<p>First, it's Fannie Mae, not Sallie Mae (which deals with student loans, not real estate loans). &nbsp;(Also not to be confused with Elly Mae, who uses her father's oil money to finance critter purchases.)</p> <p>Second, the bailout, like the one of Bear Stearns, essentially wipes out the shareholders who invested in the companies' stock and who are responsible for electing the directors who appointed the management that wrecked the companies (that over-financed the house that Jack bought). &nbsp;The bailout allows Freddie and Fannie to satisfy their debt obligations, i.e., pay their creditors. &nbsp;As with Bear Stearns, a bankruptcy would have sent enormous shockwaves through the economy and pulled down creditors and contract parties with them. &nbsp;Yes, it sucks that the taxpayers have to foot this bill, but the alternative, which would be, literally, the meltdown of the credit markets, would be much much worse. &nbsp;(Think of it this way: &nbsp;The 1929 crash was the meltdown of the equity market. &nbsp;Debt is supposed to be more secure than equity. &nbsp;If the debt markets melt down, we really could have another Great Depression on our hands, instead of a mere recession.)</p> <img src="http://www.nerve.com/CS/aggbug.aspx?PostID=125222" width="1" height="1">http://www.nerve.com/CS/blogs/scanner/archive/2008/09/08/while-you-were-sleeping-sex-and-chocolate.aspx#125175Mon, 08 Sep 2008 12:44:43 GMTbd485f5c-a45b-491f-8e52-c79e7f680fc3:125175Emily Farris<p>I don't think we count as sex bloggers anymore. </p> <img src="http://www.nerve.com/CS/aggbug.aspx?PostID=125175" width="1" height="1">