Fannie and Freddie Getting a Break »
Posted By altnrg 1 month, 2 weeks ago in News
Are Fannie and Freddie getting a break on all of the bad loans they are responsible for? They could be getting forgiving for the billions dollars in bad loans.
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Klarissa1 month, 2 weeks ago
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"So, how much are we possibly talking about?
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We’re talking close to $1.5 trillion dollars, which the federal government would then be trying to collect on. Collect from whom? That’s an interesting question.
How would the American public feel about the government coming after them for home loans that they couldn’t pay, otherwise they wouldn’t have been in trouble in the first place? How would it look for the federal government to go after some of these banks that gave out the bad loans, the same ones whom the government has given bailout money to? And, just asking, but how does it help the government to take over collection efforts for such a high dollar figure while trying to work through a health care reform bill that might cost around a trillion dollars, while owing countries like China other trillions of dollars, and while thinking about another stimulus package for America?
Maybe those are things they’re talking about and aren’t sharing with the rest of us. It’s something to think about, though; will the housing market really start to rally with a stronger Fannie Mae and Freddie Mac, or are there other issues that must be addressed, such as stemming foreclosures, before the government makes its final decision?
What do you believe? -
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wm0303031 month, 2 weeks ago
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When will the USA give the middle class a real stimulus package
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and hand us what we lost in our home values? The greedy bankers and mortgage companies got bailed out for their stupidity! What's going to happen to all the responsible hard working people in this country who may eventually lose their homes? Why do they need to suffer for the mistakes of the US Government and the Lending Industry??????????????????
The great old USA needs to turn things around or there will be
pandemoniumin in the streets.
Bill -
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micamayerComment removed: Spammer, Hard Banned
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