Thread Tools
Old Jan 04, 2012, 11:00 PM
logan5 is online now
Find More Posts by logan5
Registered User
Discussion

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.
Old Jan 05, 2012, 12:14 AM
mastmec is offline
Find More Posts by mastmec
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.
Old Jan 05, 2012, 01:02 AM
RCWorks is offline
Find More Posts by RCWorks
Happy days are here again!
RCWorks's Avatar
Uh, isn't this why we have some of the problems we have now??? Just sayin'
Old Jan 05, 2012, 02:58 AM
arbilab is offline
Find More Posts by arbilab
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.
Old Jan 05, 2012, 06:24 AM
LcJ is online now
LcJ
Find More Posts by 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.
RCG Plus Member
Latest blog entry: RC Logger's Eye One Xtreme Quad
Old Jan 05, 2012, 11:49 AM
wrightme is offline
Find More Posts by wrightme
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.
Old Jan 05, 2012, 01:27 PM
UlteriorModem is offline
Find More Posts by UlteriorModem
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.
Old Jan 05, 2012, 02:08 PM
DaveG is offline
Find More Posts by DaveG
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!


Thread Tools

Similar Threads
Category Thread Thread Starter Forum Replies Last Post
Alert CRASH photos, and lessons learned... tdavis Crash Discussion 20 May 03, 2005 11:45 PM
a hornet and lessons learned robw Micro Helis 12 Dec 02, 2002 10:34 PM
First Flight Ever, Learned Some Lessons the Hard Way rgreene Parkflyers 3 Aug 06, 2002 07:37 AM
Accord 47: Lessons learned ex-racr Sport Planes 18 Jul 28, 2002 10:03 AM
hot wire cutting-lessons learned ronnath Foamies (Kits) 0 Oct 23, 2001 07:06 AM