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Should the government back new subprime mortgages?


By golfplan18   Follow   Tue, 5 Feb 2013, 11:13pm PST   290 views   4 comments
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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.

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zzyzzx   Tue, 5 Feb 2013, 11:37pm PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 1

Should the government back new subprime mortgages?

No! Duh.

Call it Crazy   Tue, 5 Feb 2013, 11:38pm PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 2

NO..... but they will!!

BobMSN   Wed, 6 Feb 2013, 3:02am PST   Share   Quote   Permalink   Like   Dislike     Comment 3

Government should clean its ass and hands before touching anything.

bmwman91   Wed, 6 Feb 2013, 3:28am PST   Share   Quote   Permalink   Like   Dislike     Comment 4

THE SPICE MUST FLOW!

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