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Federal National Mortgage Association Message Board

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  • obamabuddy obamabuddy Feb 23, 2009 8:56 PM Flag

    I bought what I could afford,

    Well, if you let Fannie go, and the other GSEs as well like Sallie Mae and AIG, basically, the government no longer has market makers. The free market will demand much higher prices for loans, insurance, etc. That will reduce demand, slow the economy, shrink the tax base, etc.

    But I agree, my house could fit inside Air Force 1, and that is the way I like it.


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