http://www.foxnews.com/politics/2011/08/25/fannie-freddie-takeover-could-be-key-to-obama-jobs-plan/
At the center of the Panic of 2008 were defaults on cheap mortgages for Americans with poor credit. The latest idea to reverse the resulting recession is for the government to offer cheap mortgages to Americans with poor credit.
How's that again?
This is something to watch because some of the discussions include the government taking over lending and mortgages, especially for those who never should have been given a mortgage. As if we aren't in enough of a mess already, with government interventions destroying home values for those of us qualified to buy and who pay our bills responsibly. Of course, that's a concept I don't expect this administration to understand.
At the center of the Panic of 2008 were defaults on cheap mortgages for Americans with poor credit. The latest idea to reverse the resulting recession is for the government to offer cheap mortgages to Americans with poor credit.
How's that again?
This is something to watch because some of the discussions include the government taking over lending and mortgages, especially for those who never should have been given a mortgage. As if we aren't in enough of a mess already, with government interventions destroying home values for those of us qualified to buy and who pay our bills responsibly. Of course, that's a concept I don't expect this administration to understand.