From Marx and Coca Cola: As you are probably aware of by now the government has decided to bail out the two mortgage giants Fannie Mae and Freddie Mac. From the Land Down Under:

REPUBLICAN presidential hopeful John McCain backed a US government takeover of two mortgage giants overnight while his Democratic rival warned that taxpayers should not bail out their shareholders.

McCain said that it had to be done. I agree. If the two behemoths failed it would result in massive repercussions not just for the share holders or American homeowners, but to the entire world economy. Even so many commentators wondered why John McCain was so enthusiastic about it. I guess we’ll never know.

In a completely unrelated posting I was poking around the Center for Responsive Politics’ website, opensecrets.org, and under John McCain’s long list of assets were these two items:

• Fannie Mae Note valued at between $46,004 to $165,000
• Freddie Mac Note valued at between $45,003 to $150,000

But like I said I’m sure this has nothing to do with the above story. NOTHING AT ALL.

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