Should the government back new subprime mortgages?


By golfplan18   Follow   Wed, 6 Feb 2013, 7:13am   249 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 (10)
    803 threads
    6,892 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
    820 threads
    10,115 comments

    2   7:38am Wed 6 Feb 2013   Share   Quote   Permalink   Like (2)   Dislike  

    NO..... but they will!!

  3. BobMSN


    Follow
    Befriend
    6 threads
    107 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)
    40 threads
    1,539 comments

    4   11:28am Wed 6 Feb 2013   Share   Quote   Permalink   Like   Dislike  

    THE SPICE MUST FLOW!

golfplan18 is moderator of this thread.

Email

Username

Watch comments by email
Home   Tips and Tricks   Questions or suggestions? Mail p@patrick.net   Thank you for your kind donations

Page took 59 milliseconds to create.