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Federal National Mortgage Association Message Board

  • jeddiemack jeddiemack Mar 13, 2013 10:35 PM Flag

    WSJ Article... the writer seems to ignore his own writing.

    The author writes....

    "The nascent housing price recovery is restoring health to Fannie Mae FNMA +0.34% and Freddie Mac, FMCC +0.34% the two government-sponsored enterprises that contributed so much to the crash of 2008"

    Seemingly blaming f&F for the housing crash... but stop... later in his own article he re-focuses blame... WHERE it belongs.... read..

    "To implement affordable housing in the Clinton years, the Department of Housing and Urban Development lowered capital standards for Fannie and Freddie and encouraged them to be very tolerant in their mortgage purchases. Soon fast-buck artists were generating substandard paper and palming it off on Fannie and Freddie"

    Why can't the peeps like demarco figure it out and fix this inequity? Why punish F&F and its owners because the government screwed up? WHY - because they can.

1.76+0.02(+1.15%)2:28 PMEDT