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Author: Subject: Fannie Mae asks for another $15bn ......
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[*] Post 392656 posted on 6-11-2009 at 23:02 Reply With Quote
Fannie Mae asks for another $15bn ......

Should the US government cave in to this latest request, or is it time to say NO!

It seems to me that they're between a rock and a hard place.
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[*] Post 392700 posted on 7-11-2009 at 13:06 Reply With Quote

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[*] Post 392738 posted on 7-11-2009 at 21:50 Reply With Quote

:( I think the money must be forthcoming.

Both companies should be reduced in size, either by taking on fewer loans or by dividing them into smaller entities.

Some politicians are bemoaning that there has been no effective rescue for those who owe on their mortgages and are unable to keep up. If a family cannot really buy the home, and there are no prospective buyers who meet reasonable loan criteria, I think the banks should rent the homes. This means a lot of trouble for the banks, who do NOT wish to be in the rental business, but I think it is the best alternative.

And the government needs to reduce taxes, so there is not such great pressure on businesses to fire people.

And the government needs to stop overspending.
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