On the Fox Business show this morning on person asked why the mortgage industry which was bailed out in 2008 was going to be bailed out again. Interesting question!
Woohoo! Uncle Sugar bails out some more profligates.
Well I can’t envision any problem with this sort of action.
This is frikking ridiculous, the Banks which were bailed out 12 years ago are Still Holding a LOT of Foreclosed Homes from 2008 OFF BOOK!!!
I guess they think we were all asleep and didn’t notice how this same action started the 2008 recession. Learning from past mistakes seems to be a fable nowadays.
Fanny and Freddie need to be closed forever.
What a shock:What’s old is new! We had viruses,economic “crisis”,bailouts,stimulus and the same scum sucking swamp parasites devouring our money ten years ago. Crisis to some is winning the lottery.
OK, please allow me to provide some context. Imagine homeowners who recently bought or refinanced their home. At the time of the transaction, they were gainfully employed, had income and could easily afford the monthly payment.
Now, after the state and federal government forced the closing countless business, millions of homeowners are out of work. They now don’t have the income to pay. The transactions are recent and the loans have not yet been sold to Fannie or Freddie. In normal times, a loan with delinquent payments couldn’t be sold.
China created this problem, but our government created this job destroying lockdown. The sooner we all return to work the sooner life returns to normal.
While millions of renters face evictions. No help forthcoming for them. Soon housing will be deemed a luxury.
Nice.