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Federal National Mortgage Association Message Board

  • gses.blow gses.blow May 27, 2010 9:55 AM Flag

    Voters are sick of Phonie and Fraudie money pits

    and bailouts in general. The politicians are well aware of this, and those who aren't will become aware of it in November.

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    • gses

      and what would you have the government do in the middle of this crisis ---- just let the mortgage market (money available) dry up and interest rates rise a few percentage points - causing more housing prices to fall in more locations ever faster - causing people to shop and spend less and less - causing unemployment to rise - causing more foreclosures and even lower RE value and more people underwater - and less consumer confidence and thusn even less spending and even more layoffs and cuts.......... and .... and down we all go

      I assume you have a reason for wanting to repeat all of Hoover's mistakes and allow or create a GREAT DEPRESSION TWO. I assume you have a reson for wanting to reach 25% unemployment and allowing or creating by your recommendations hardship for most if not all for a decade or more

      What is that reason? Or do you simply think Hoover's approach simply needed more time to work?

    • All of the Idiots will put the same Criminals back into office by voting straight party ticket as usual, guaranteed ! There are too many unconcerned Americans to make any affect in the political corruption and the lower classes are too stupid to vote in their best interests.


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