Should the government back new subprime mortgages?


By golfplan18   Follow   Tue, 5 Feb 2013, 11:13pm PST   393 views   4 comments   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.

#housing

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zzyzzx   befriend (10)   ignore (7)   Tue, 5 Feb 2013, 11:37pm PST   Share   Quote   Like (2)   Dislike     Comment 1

Should the government back new subprime mortgages?

No! Duh.

Ironman   befriend (0)   ignore (17)   Tue, 5 Feb 2013, 11:38pm PST   Share   Quote   Like (2)   Dislike (1)     Comment 2

NO..... but they will!!

BobMSN   befriend (0)   ignore (0)   Wed, 6 Feb 2013, 3:02am PST   Share   Quote   Like   Dislike     Comment 3

Government should clean its ass and hands before touching anything.

bmwman91   befriend (7)   ignore (1)   Wed, 6 Feb 2013, 3:28am PST   Share   Quote   Like   Dislike     Comment 4

THE SPICE MUST FLOW!

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