During the administration of the only president to ever be elected two terms for both the VP and Presidential position, Freddie Mac, was presented as a companion to Fannie Mae. "I am not a crook." This may be the most recognizable quote, second only to, "I did not have sexual relations with that woman."
She was older, more reformed, and 32 years his senior. Their marriage may seem unconscionable in this day and age. Who are we to judge though? As the funders of their relationship, we have supported them from the day we bought our first home. However, time always brings change.
Monopolies are meant to drive up prices, or in the finance world, rates. A companion would introduce a competitive edge. I believe the idea at the time was to avoid any extreme financial fiasco. I don't believe the thought ever entered anyone's mind that competition could cripple the economy. We were given two mortgage giants who pooled together mortgages. They offered them to investors as though they were gold, but in the long run they worked out to be pyrite.
Since the mortgage collapse, gold has become the new gold. How often do you hear media personalities encouraging folks to buy gold? They guide our economy with their opinions. If we allow, they will soon create another bubble for us to pop. No good deed ever goes unpunished.
Our House of Representatives appear to agree on showing Fannie and Freddie the door. They hope to bring an end to that power over the next few years. Some believe without them, mortgages will be hard to come by. Without them, banks will be reluctant to loan. Without them, larger down payments will be required, which in the long run will put America back on her feet.
She was older, more reformed, and 32 years his senior. Their marriage may seem unconscionable in this day and age. Who are we to judge though? As the funders of their relationship, we have supported them from the day we bought our first home. However, time always brings change.
Monopolies are meant to drive up prices, or in the finance world, rates. A companion would introduce a competitive edge. I believe the idea at the time was to avoid any extreme financial fiasco. I don't believe the thought ever entered anyone's mind that competition could cripple the economy. We were given two mortgage giants who pooled together mortgages. They offered them to investors as though they were gold, but in the long run they worked out to be pyrite.
Since the mortgage collapse, gold has become the new gold. How often do you hear media personalities encouraging folks to buy gold? They guide our economy with their opinions. If we allow, they will soon create another bubble for us to pop. No good deed ever goes unpunished.
Our House of Representatives appear to agree on showing Fannie and Freddie the door. They hope to bring an end to that power over the next few years. Some believe without them, mortgages will be hard to come by. Without them, banks will be reluctant to loan. Without them, larger down payments will be required, which in the long run will put America back on her feet.
