Blueprint calls for shifting U.S. housing finance to private sector

Comments (1)
Old_Boy_Ntwk wrote:

The problem is that the government will still be forcing the private sector to write marginal mortgages for political reasons – that whole thing has been quickly forgotten as one of the primary causes of the last disaster.

The new policy will merely shift the cost of this social engineering to anyone who can actually afford a mortgage. Freddie and Fannie were criminally mismanaged, but no one is going to pay for that, government criminals are exempt from prosecution because of the continued cover-ups by their high-placed friends.

Feb 25, 2013 9:02pm EST  --  Report as abuse
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