Patrick.net

Should the government back new subprime mortgages?

By golfplan18   Follow   Wed, 6 Feb 2013, 7:13am   216 views   4 comments
In Irvine CA 92620   Watch (0)   Share   Quote   Permalink   Like (1)   Dislike  

http://ochousingnews.com/news/should-the-government-back-new-subprime-mortgages?source=Patrick.net

The government needs to get out of housing finance. The losses at the GSEs apporach $150 billion, and the FHA needs its own bailout. These are losses all of us who didn’t participate in the madness get to pay. And as long as the government continues to back 90% or more of loans for residential real estate, the very real possibility of another even larger bailout looms. Given these realities, government policy makers have been and should be focused on reducing the government’s exposure and minimizing taxpayer bailout dollars.

Viewing Comments 1-4 of 4     Last »     See most liked comments

1. zzyzzx Follow Befriend (9) 414 threads 4,124 comments Baltimore, MD

   1   7:37am Wed 6 Feb 2013   Share   Quote   Permalink   Like (2)   Dislike   Should the government back new subprime mortgages? No! Duh.

2. Call it Crazy Follow Befriend 229 threads 2,767 comments

   2   7:38am Wed 6 Feb 2013   Share   Quote   Permalink   Like (2)   Dislike   NO..... but they will!!

3. BobMSN Follow Befriend 3 threads 98 comments

   3   11:02am Wed 6 Feb 2013   Share   Quote   Permalink   Like   Dislike   Government should clean its ass and hands before touching anything.

4. bmwman91 Follow Befriend (7) 37 threads 1,526 comments Mountain View, CA bmwman91's website Premium

   4   11:28am Wed 6 Feb 2013   Share   Quote   Permalink   Like   Dislike   Protected   THE SPICE MUST FLOW!