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Jan 04, 2012, 10:00 PM
Libertas in Infinitum
logan5's Avatar
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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.
Jan 04, 2012, 11:14 PM
Registered User
mastmec's Avatar
Liberalism is a mental disorder, so only libs expect a different outcome each time they do the same thing over and over again.
Jan 05, 2012, 12:02 AM
U gotz cheeze burger?
RCWorks's Avatar
Uh, isn't this why we have some of the problems we have now??? Just sayin'
Jan 05, 2012, 01:58 AM
Fly Runaway Fans
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.
Jan 05, 2012, 05:24 AM
LcJ
LcJ
Forever TMWT Pilot #11
LcJ's Avatar
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.
Latest blog entry: RC Logger's Eye One Xtreme Quad
Jan 05, 2012, 10:49 AM
Trons and Fumes
wrightme's Avatar
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.
Jan 05, 2012, 12:27 PM
Registered User
UlteriorModem's Avatar
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.
Jan 05, 2012, 01:08 PM
Registered User
DaveG's Avatar
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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