Well unfortunately the infamous "Kate' from the Philadelphia Spectrum days is no longer with us, a likely outcome for Fannie and Freddie. Will the Fed bail them out? Unfortunately, a likely event. Since, Congress passed the Mortgage bill we have seen both Fannie and Freddie's stock price crumble. How is it that we can attempt to save the necessary twins from extinction. Well the bottom line is we need a secondary market. The primary lenders are boxed in with the Foreclosure pile mounting daily. Not to be negative but ? The only way this mess will get solved is time >>>>> And baby it's going to take some time. My guess is Fannie and Freddie will go bust, they will be Nationalized (Oh Oh) Inflation !! and the taxpayer DUH !! Will be on the hook. I can hear the printing presses beginning to rumble. Hey maybe I can get a contract to sell ink to the Fed. Well maybe I'm right or maybe I'm wrong. What do you think ??
This entry hasn't been re-blogged:
Re-Blogged By Re-Blogged At
- the rant from raleigh
Find what you need?
See More Blog PostsAbout Real Estate! SEE MORE NOW!