Blues Gal

Why Is AIG Backing Fannie / Freddie 'Enhanced' Mortgages?

Should we be surprised by this behavior on the part of our government agencies? Probably not. It's just more of the same.

Fannie/Freddie Bailout 'Disastrous Fiasco'

"Privatizing profits and socializing losses." Right on Kevin.
That's our government working for us.

Bush Housing Law: Cheap Compared to the Alternatives

This analysis sounds like a plug for another government bailout by someone who will be benefiting from said bailout. I don't believe the American taxpayer will be a beneficiary though. House prices need to
come back down to the 2002 or 2003 levels. A decrease of only 10 to 25% doesn't bring them back to affordability for the average american worker. We've gotten ourselves to the place now, that as a nation, we need two wage earners in a family, to be able to afford a place to live. If the government bailout goes forward as described by the author of this article, houses will still be unaffordable for many. The reason for this is that wages never increased at the pace that house prices increased. So, you still have the average wage earner making only a bit more than he did 5 years ago. Even if
home prices decrease by 25%, that will still be more than the wage earner is able to prudently buy into. Lets stop kidding ourselves and
admit that this royal screwup caused by greed, lack of common sense, and legal and financial sleight of hand, will be with us for at least one generation, maybe even two.

The Current Market Atmosphere: Easy Money Hard to Come by

Unlike Zeninvestor, I think this was a very useful article, I guess we're
not all as knowledgeable as Zen is! Thanks for the info.