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Old Jan 04, 2012, 10:00 PM
Libertas in Infinitum
logan5's Avatar
Houston Ellington, Texas, United States
Joined Feb 2001
312 Posts
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File under ... "Lessons Not Learned"

http://www.reuters.com/article/2012/...8031SE20120105
I think it's high time to get rid of the Fed.




(Reuters) - The U.S. government-run mortgage finance firms Fannie Mae and Freddie Mac could play a bigger role in turning around the battered U.S. housing market, the Federal Reserve told Congress, a call that looks set to run into stiff political opposition.

The Fed, in a paper sent to lawmakers on Wednesday, outlined an array of steps that could be taken to help the housing sector, including allowing Fannie and Freddie to provide cheaper mortgages to a broader pool of homeowners.

The two companies, the biggest sources of U.S. mortgage funding, were seized by the government in 2008 when they were on the brink of collapse. They have been propped up by $169 billion in taxpayer aid since then, making them a target of many on Capitol Hill.

Even the Obama administration, in a trio of alternatives laid out early last year to reform the U.S. mortgage finance system, supported reducing the government's role in housing finance.
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Old Jan 04, 2012, 11:14 PM
Registered User
mastmec's Avatar
United States, MO, Joplin
Joined Apr 2010
13 Posts
Liberalism is a mental disorder, so only libs expect a different outcome each time they do the same thing over and over again.
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Old Jan 05, 2012, 12:02 AM
Disgruntled Member
RCWorks's Avatar
United States, OK, Anadarko
Joined Aug 2003
1,629 Posts
Uh, isn't this why we have some of the problems we have now??? Just sayin'
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Old Jan 05, 2012, 01:58 AM
Fly Runaway Fans
United States, TX, Fort Worth
Joined Jan 2009
9,375 Posts
Goobermint never learns from ANYthing, because they operate in constant denial that anything they did was wrong.

And this is NOT a partisan phenomenon, much as this website's political pundits would like it to be.
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Old Jan 05, 2012, 05:24 AM
LcJ
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United States, LA, Monroe
Joined Mar 2003
5,542 Posts
Quote:
Originally Posted by arbilab View Post
Goobermint never learns from ANYthing, because they operate in constant denial that anything they did was wrong.

And this is NOT a partisan phenomenon, much as this website's political pundits would like it to be.
But could it be the creep of liberalism that makes it so.

Watching the interviews with the occupiers makes Logan's statement seem so accurate.
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Old Jan 05, 2012, 10:49 AM
Trons and Fumes
wrightme's Avatar
Fallon, NV
Joined Mar 2007
5,033 Posts
Quote:
Originally Posted by RCWorks View Post
Uh, isn't this why we have some of the problems we have now??? Just sayin'
"Lessons Not Learned"

Yep.
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Old Jan 05, 2012, 12:27 PM
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Joined Aug 2011
714 Posts
Quote:
Originally Posted by logan5 View Post
[The U.S. government-run mortgage finance firms Fannie Mae and Freddie Mac could play a bigger role in turning around the battered U.S. housing market,
Wow... just wow.

Kind of like the fox watching the hen house.
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Old Jan 05, 2012, 01:08 PM
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DaveG's Avatar
Houston, TX, US
Joined Jun 2000
1,652 Posts
I'm from the Federal government and I'm here to help you.... ad infinitum. Be afraid, be very afraid. There is no escape....Baaaawwhhhhaaaaaaa!
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