http://disqus.com/people/6594a9339796b2d5e96fe126e6c314b3/enTue, 12 Aug 2008 19:07:16 -0000http://washingtonindependent.disqus.com/mortgage_giants_in_critical_care/#comment-1791120I hate to say it braidbunch, but wazzel is correct of both points. We should let Fannie and Freddie fail. If we were being honest, then we would have to admit that they have are failed. It is like feeding a junkie more drugs instead of kicking the habit.<br><br>On the second point, I worked for a steel company that bid on international jobs. On one job in particular - for a Bolivian water treatment plant - we supplied most of the plate/precast and structural steel. American foreign aid gave them $40,000,000 to build the plant. Problem is that the plant cost about $250,000,000 all in. The Bolivians had no choice but use our companies and our materials and borrowed the additional money from IMF and USA at a high rate of interest. After the plant was opened, the Bolivian gov't charged the people a fortune for water and actually passed a law that made catching rain water illegal.<br><br>Both of these stories are actually the same. They both speak to the greed and corruption that we see in corporations and governments.rod_hTue, 12 Aug 2008 19:07:16 -0000