Posts Tagged ‘fannie mae’
What is your opinion of the attached editorial?
History repeats in housing disaster We all await word from Washington, D.C., concerning our new president’s plan to fix the economy. We’re told to expect bags of money to be distributed by the federal government soon. We’re expected to believe the generosity of Washington will save us from our current circumstances. Really? Let’s [...]
Other than Reagan appointee greenspan keeping interest rates low, how did the govt. cause the housing bubble?
"2008 Nobel Prize in Economics winner Paul Krugman states that the notion "has been refuted up, down, and sideways." He also noted in November 2009 that 55% of commercial real estate loans were currently underwater, despite being completely unaffected by the CRA. According to San Francisco Federal Reserve Bank Governor Randall [...]
Is”$50 billion in low-cost loans from the government to develop fuel-efficient cars” a Good Idea?
"BIG 3 AUTOMAKERS Some worried the (Fannie and Freddie) bailout would set a precedent that could be exploited by other ailing companies such as Detroit's Big Three automakers, which want billion in low-cost loans from the government to develop fuel-efficient cars. "Here our government is stepping in to bail out privately held [...]
Is “ALL WELL” with the banking system? I think not? Your thoughts?
1. Paulson appears on Face The Nation and says "Our banking system is a safe and a sound one." If the banking system was safe and sound, everyone would know it (or at least think it). There would be no need to say it. 2. Paulson says the list of troubled banks "is a very manageable situation". The reality is there are 90 [...]
