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Fanny Mae and Freddie Mac in death throes?

  2. Vierotchka
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Things are going from bad to worse. The US economy seems to be on the brink of collapse.
Vierotchka

3 responses // Fanny Mae and Freddie Mac in death throes?

  • Operation Mayhem is underway.
    1percent
  • A collapse OR gov. takeover of either one of these would probably spell doom for the economy.The economy is teetering on the brink as is,one more hit to consumer and investor confidence would probably precipitate the fall into a depression.

    Maybe that's the plan.Here I go with more doomsday talk again but think about the chaos this would cause.Combine something like this with a fake terror attack and the masses will be willing to allow the powers that be to have ANY power they want as long as they promise that they can save us.Man I hope I'm wrong! Be vigilant and prepare for anything.
    pissedoffinarkansas
  • That's what we get when the government steps in a dictates that even pieces of shit who don't pay their bills on time should be given mortgages. What ever happened to the good old days when people with no downpayment and shit-box credit were told, GTFO of my bank? Perhaps one of these days we'll get back to that again and people will re-learn the concept of personal responsibility and not living outside of your means.

    In the meantime I'm still enjoying my 5.5% fixed rate mortgage, always on time with the bills and always putting something a little extra away for a rainy day.
    Liberal_Extinction

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