Tax Credit Fannie Mae
April 12th, 2008
Question: I don’t want to bail out lenders, do you?
Seems in this financial/mortgage crisis, the government is going to try to bail out Freddie Mac and Fannie Mae, holders of half the nation’s mortgages. I see no way this helps you and me. Is this action not just helping lenders who have exercised poor judgement?
If these lenders are bailed out at the cost of billions, will it not mean either more national debt or higher taxes for you and me?
If the government wants to step in during a financial crisis, then let them help you and me, let them give us some sort of special tax credit or deferment.
Thoughts?
Answer: I don’t know alot about finance and money stuff… but my guess is that we’re all screwed.
Let housing prices do what housing prices do
Some worry that home prices are headed for a double dip and want Washington to do something about it, writes columnist Froma Harrop. We should worry that Washington takes their advice.
How To Buy A Fannie Mae REO Foreclosure Home
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