[EGPWS]

They are too big to fail. Any Fed who would let them fail ought to be shot.

Sadly enough you are right since it was the Federal Government helping promote this issue with inane laws dictating that loans need to be given even to those not capable of personally handling the loans that they WANT.

[MichiganConservative]

... dictating that loans need to be given even to those not capable of personally handling the loans that they WANT.

It's racist to evaluate someone's ability to pay back a lone, you know?

You people deserve the economic pain we are going to get.

But hey, only crazy kooks worry about money and economics.

Maybe if we would just nuke Iran, Pakistan, Afghanistan, China, Libya, Russia, Chechnya, and Britain all of our problems would disappear.

[tallyhoe]

Fannie Mae is a government sponsored enterprise set up in the 1930’s by FDR. Freddie Mac and Freddie Mae have 13 trillion in loans in the housing market. As of 2008, Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) own or guarantee about half of the U.S.’s $12 trillion mortgage market.

The United States government can not let these two mortgage lenders fail!