No. of Recommendations: 3
This situation with HUD/Fannie/Freddie is just so crazy!

Not crazy at all. Completely logical and understandable: the financial industry wants some fool to buy their risk.

I agree that the mortgage GSEs should be liquidated/should never have been established. But the financial industry outvotes you and I, and has a stack of money to spend on propaganda "you, yes, you can own your own home, if the government would just buy the risk"

Steve
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement