Bailouts

Obama Times Mortgage Forgiveness Perfectly…

Get ready for the snake-oil salesman to go all in as he prepares to make the voters swoon, cry, and wave their arms in the air yet again. On the heels of another $1.5 Billion requested bailout from Fannie, (who has suffered 12 straight months of losses), we have the Obama political machine maneuvering to 'buy' votes in the upcoming midterms by offering mortgage forgiveness to Americans.  How does that money-changing-hands-thang work again?  Why don't we just keep our money in the first place?  I'm sorry, I forgot; I'm just some brain-dead, fluoridated, prescription-drugged and debt-strapped moo whose only reason…
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Fannie And Freddie; The Bottomless Pit

Whatever the fix, the money spent will not be recovered, said Alex Pollock, a former president of the Federal Home Loan Bank of Chicago who is now a fellow at the Washington-based American Enterprise Institute. “It doesn’t matter what you do or don’t do, Fannie and Freddie will cost a lot of money,” Pollock said. “The money is already lost. There’s an attempt to try to avert your eyes.” Quoting Sen. Gregg, here is the herd of elephants in the room, (no mention of these two in the Dodd financial reform bill): Fannie-Freddie Fix at $160 Billion With $1 Trillion…
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