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The dog and the porcupine...

Discussion in 'Financial Cents' started by Tango3, Jan 8, 2009.

  1. Tango3

    Tango3 Aimless wanderer

    Or "Will they never learn?"
    Paulson Urges New Structure For Fannie And Freddie

    Nation Should Back Mortgage 'Utilities'

    Treasury Secretary Henry Paulson said the government must use Fannie and Freddie to bring down mortgage rates. (By Haraz N. Ghanbari -- Associated Press)

    <table style="float: right; clear: both;" id="content_column_table" width="238" cellpadding="0" cellspacing="0"> <tbody><tr><td width="10">
    </td><td width="228">
    </td></tr></tbody></table> By Zachary A. Goldfarb
    Washington Post Staff Writer
    Thursday, January 8, 2009; Page D01

    In his final speech scheduled as

    Over the long term, Paulson called for a reworking of Fannie and Freddie. He proposed replacing them with housing utilities -- private entities funded by investors that would purchase and bundle mortgages that, in exchange for a fee, would carry U.S. backing should they default. The bundles, known as mortgage-backed securities, would be sold to investors around the world.
  2. ozarkgoatman

    ozarkgoatman Resident goat herder

    Haven't we already been down a road like that once. [dunno]

  3. Tango3

    Tango3 Aimless wanderer

    that was my thought too...Once bitten by easy money they can't give it up. :)
  4. ozarkgoatman

    ozarkgoatman Resident goat herder

    Well I'll tell you if they do this and drive the prices way up again, we will sell this place and buy a piece of land that we can pay cash for. Then they can crash and burn all they want to. [peep]

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