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To: unique

Mr. Beachy was quite surprised that I knew the govt (Franks/Mac&Mae) was the major blame for the mortgage mess way before the media spewed it out. He usually knows these things before me.

It is nice of you to step in. Hope it works out for you.


188 posted on 03/08/2010 11:08:00 AM PST by beachn4fun (Like thieves in the night, they make plans while we sleep.)
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To: beachn4fun

Most people still don’t realize that the RE fiasco all started with Congress - once again wanting everyone to own a house - Freddie/Fannie carried out Congressional social policy, big time. Of course, mortgage brokers/bankers loved the subsequent lowering of lending standards - basically they could hold up a mirror and if they could see your breath on the mirror, you got the loan. Although it looks like even vampires got loans.

The core problem is the mismanagement of social policy by the government - liberals have cost Americans TRILLIONS of dollars, and still counting!


192 posted on 03/08/2010 12:18:46 PM PST by unique
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