Get ready for another round of bailouts.
Our Administration is planning a roll out of monies for our good friends Fannie & Freddie.
These two troubled agencies that were led by the nose back in the 90’s to extend mortgages to all….even those who had no way to repay, have been lurking side stage to try and make a comeback. As we remember, all too well, by the end of 2010 these two government sponsored groups were given over $150 Billion dollars of tax payer money. (As my father use to say to me when I asked for money, “What did you do with the last money I gave you?”)
The estimate on this new windfall of money for F & F could be as high as $363 Billion over the next three years. They are saying the final price tag will depend on the strength of the housing market. REALLY!
A hand out isn’t all they want, both have recently increased their price of doing business with new add-on fees from..... you-know-who…..Bingo…. the same people who are bailing them out, talk about ‘Ungrateful Vultures’ 
Comments(2)