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?"
    http://www.washingtonpost.com/wp-dyn/content/article/2009/01/07/AR2009010701837.html?hpid=topnews
    Paulson Urges New Structure For Fannie And Freddie

    Nation Should Back Mortgage 'Utilities'

    [​IMG]
    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.
     
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  3. ozarkgoatman

    ozarkgoatman Resident goat herder

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

    OGM
     
  4. Tango3

    Tango3 Aimless wanderer

    that was my thought too...Once bitten by easy money they can't give it up. :)
     
  5. 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]

    OGM
     

Null

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