(Community Matters) I’d overlooked bail out terms being proposed by Paulson for Freddie and Fannie. Completely agree government must intervene, if not to maintain market for home financing, to avoid further catastrophic collapse of markets. Nevertheless, hadn’t read that proposed bailout terms include buying stock. Most unpleasant to imagine existing shareholders will reap benefits of government intervention. Though, suppose they’d see the ship sink before agreeing to a complete wipe out, and we can’t afford that. Nevertheless, shouldn’t terms of bailout provide for near wipe out dilution?
I was esctatic when 43 selected Goldman CEO as treasury chief. Increasingly concerned Paulson’s a fox dressed in hen drag.
Community Matters 
Ecstatic? Somebody drank Goldman’s Kool-Aid.