More Dollars To Fix Fannie Mae And Freddie Mac??? (bankrupt, loans, foreclosure)

[Grandpa Pipes]

Filling an economic black hole...........

"Fannie Mae and Freddie Mac have become gigantic financial black holes that the U.S. government endlessly pours massive quantities of money into. Unfortunately, if the U.S. government did allow Fannie Mae and Freddie Mac to totally implode, both the mortgage industry and the housing industry in the United States would completely collapse"

5 Trillion MORE Dollars To Fix Fannie Mae And Freddie Mac???

[HappyTexan]

No wonder Barney Frank is talking about getting rid of them..that's some bailout.
Not to make this political but he's been the biggest promoter of this.

There's no easy way to get out of guaranteeing bad loans since they are now government owned.

[hilgi]

Just wait FHA is next, they now insure more loans then Freddie and Fannie combinned and they replaced subprime over the last 3 years.


FHA – “We are Officially Broke” | zero hedge

3 housing stories that

charles hugh smith-Bailout of Housing = Bailout of Banks

[texdav]

Originally Posted by HappyTexan

No wonder Barney Frank is talking about getting rid of them..that's some bailout.
Not to make this political but he's been the biggest promoter of this.

There's no easy way to get out of guaranteeing bad loans since they are now government owned.

Barney76 Frank is pretty famous for his wordign when ia audit was called of both in saying even if they go bankrupt;the government can always bail them oput. I would trust anyone having no idea or care; just how much they guaranteed in loans.