theMAJORITY
MAJORITYrules-sorry
It is the result of government oversight. Fannie Mae and Freddie Mac are government entities and this mess was created by the government.
Constantly bailing out these failures devalues our currency and destroys price information.
This is nonsense. Refusing to constantly shield someone from the results of their own bad decisions does not amount to a positive act to destroy them. Further, destabilizing price information will lead to many more people making poor decisions.
Thank you.
Personally--I would have told all fanny and freddy home owners---you just got yourself a free home. F&F are disolved and any assets remaining will go to the free market mortage companies. Liabilities will come from congressional pay. (sucks to be them--but gamble big with our lives--be prepared to loose big)
Can you imagine how busy the remaining mortgage companies would be--may be even about 100% growth in the private sector?--that actually adds value to the population with new competitive free market business.
That philosophy is why you have your home you have now--why you have the car you have--why you can afford to take care of yourself, and your community and put your own kids theough the college of their choice. The free market is the reason you have earned anything!
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