To lift the housing market, the government is exploring letting Fannie (FNMA.OB) and Freddie...

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BlueOkie Comments (2520)
 
Way to go gov't. Let kick those in the teeth who honor their debts with a bigger tax burden. Reward bad behavior of lenders and borrowers by giving them more tax money. This sucks! WE need to eliminate fannie and freddie.
12 Jul 2011, 09:58 AM Reply Like

Joe Eifrid Comments (235)
 
Fannie and Freddie are the only game in town in home lending. Hard to eliminate them with out creating another govt monster to take their place. I say nationalize them and raise the fees to make them profitable. You want to borrow money from us taxpayers? Pay market value rates and fees for the guarantee.

Good idea to relax rules on investors. Bad idea to cut loan balances and reward bad behavior.
12 Jul 2011, 10:16 AM Reply Like

Duude Comments (3274)
 
So the fix for the housing industry is to double up on stupid? This is the sort of stuff that brought Fannie and Freddie to their knees. Of course, now that the government has given them carte blanche on their debt obligations, what is there to fear? Surely, as more and more flimsy deals are hatched the CEOs of both firms ought to be rewarded with a huge bonus too. Its all taxpayer money anyway, so who cares?
12 Jul 2011, 10:42 AM Reply Like

Joe Eifrid Comments (235)
 
Idealism rarely works. Wish it did but it is little more than wishful thinking. In reality the private sector can't pull the housing market up without the help of the government guarantees for the foreseeable future.
12 Jul 2011, 04:36 PM Reply Like