Robbing Peter to Pay Paul - Peter Getting Paid Back?

By
Real Estate Sales Representative with Keller Williams Cornerstone Realty
https://activerain.com/droplet/KDm

Robbing Peter to Pay Paul - Peter Getting Paid Back?

 

This news just out of the Wall Street Journal sounds great.

  

Cost of Bailing Out Fannie and Freddie Expected to Fall Sharply

 

"Fannie MaeFNMA +0.38% and Freddie MacFMCC +1.15% are expected to begin repaying taxpayers for their bailout faster than initially projected, in part because of an improving housing market."

 So it reminded of us of our series on Robbing Peter to Pay Paul.

Robbing Peter to Pay Paul; And You & I are Peter! Part XIII!

So is Peter Getting Paid Back? Remember we are all Peter, the taxpayer. So do you believe the government will pay us back the money we paid to bail out Fannie and Freddie?

 

 

 

If you do, we will tell you another story - and it begins "Once Upon a Time!"

 

 

 

 

 

 

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Ambassador
1,503,746
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I've lived to long to believe in fairy tales ..... :)

Oct 27, 2012 02:39 AM #1
Rainmaker
724,201
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Bob-The Ponzi deals roll on regardless the party in power in Congress. In some ways, I think it better when each party controls only one house in Congress. Less damage is done because of their inability to pass laws, which lessens the damage they can inflict. Terribly cynical, I know.

Oct 27, 2012 02:43 AM #2
Rainmaker
846,757
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Thanks John.  Exactly.

 

Wayne, we agree for sure.  Paralysis is good in Washington most of the time.

Oct 27, 2012 03:07 AM #3
Ambassador
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Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Division Specialist

Our Govt is the largest PONZI SCHEME in existence.  And they don't even serve time like Bernie has too.

Oct 27, 2012 07:29 AM #4
Rainmaker
846,757
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Thanks Kevin.

Oct 27, 2012 10:42 PM #5
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