Fannie Mae and Freddie Mac reform

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
Fannie Mae and Freddie Mac reform

Those nonexistent derivatives become unstable and guess what happens??

I will tell you, we spend money chasing the elusive bastards down, thereby weakening the economy, and they become weaker yet.

Read my hips.....There will be no more tax payer bailouts...Barack insane Obama.
 
May 2010
9,658
773
I heard that they going to allow them to do what they did to cause housing bubble to collapse.....which means approving loans people cannot afford.....AGAIN! Althought I am glad they did do something with loan modifications rather than refinance.....
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
I heard that they going to allow them to do what they did to cause housing bubble to collapse.....which means approving loans people cannot afford.....AGAIN! Althought I am glad they did do something with loan modifications rather than refinance.....
Loan re-mods are a refinance, and the majority of eligibles walked away, they either lost their homes waiting, or no longer wanted to wait. It was a sham.