This is hard to believe.
Referring to the government's bailout of Fannie Mae and Freddie Mac, Palin opined that the two had "gotten too big and too expensive to the taxpayers," displaying abysmal ignorance of the fact that only now will those privately owned banks become a huge taxpayer obligation, as the federal government takes them over. Nor can the meltdown of home values be traced to those two beleaguered institutions, because they did not make the original subprime mortgage commitments.
from truthdig.com
Robert Scheer
These takeovers are huge. The government owns over half the mortgages in the country. I have to laugh. This is like communism. She has no idea what's going on.
Are we being taken over by weird religious, conservative communists? What the fu*k is going on. Does anybody care about anything but lipstick or should I say lip schtick?
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